Fort Washington Investment Advisors Inc. OH Increases Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Fort Washington Investment Advisors Inc. OH increased its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 385,710 shares of the industrial products company's stock after acquiring an additional 19,080 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.36% of Silgan worth $20,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock worth $329,619,000 after purchasing an additional 2,932,680 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Silgan by 1.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company's stock valued at $137,047,000 after buying an additional 29,565 shares in the last quarter. State Street Corp raised its holdings in Silgan by 0.6% during the 3rd quarter. State Street Corp now owns 2,497,683 shares of the industrial products company's stock valued at $131,128,000 after acquiring an additional 14,109 shares during the period. Geode Capital Management LLC lifted its position in shares of Silgan by 11.7% during the third quarter. Geode Capital Management LLC now owns 1,495,033 shares of the industrial products company's stock worth $78,509,000 after acquiring an additional 157,160 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Silgan by 0.9% in the third quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company's stock worth $67,124,000 after acquiring an additional 11,655 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Silgan from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Bank of America lifted their target price on shares of Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, January 6th. StockNews.com lowered shares of Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Finally, Truist Financial lifted their price objective on shares of Silgan from $63.00 to $69.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.75.

Silgan Trading Up 0.3 %

NYSE:SLGN traded up $0.14 during trading hours on Thursday, reaching $52.53. The company's stock had a trading volume of 261,139 shares, compared to its average volume of 459,841. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.27 and a beta of 0.71. The firm has a 50-day simple moving average of $53.73 and a 200-day simple moving average of $51.41. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. The firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. Research analysts expect that Silgan Holdings Inc. will post 3.6 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. Silgan's dividend payout ratio is currently 27.54%.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.