Hotchkis & Wiley Capital Management LLC Buys 62,310 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 46.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 195,895 shares of the industrial products company's stock after acquiring an additional 62,310 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.18% of Silgan worth $10,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLGN. FMR LLC boosted its holdings in shares of Silgan by 87.7% in the 3rd 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. Deprince Race & Zollo Inc. purchased a new stake in Silgan in the second quarter worth approximately $19,666,000. Boston Trust Walden Corp grew its position in Silgan by 20.6% during the second quarter. Boston Trust Walden Corp now owns 1,884,609 shares of the industrial products company's stock valued at $79,776,000 after acquiring an additional 322,511 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Silgan by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock worth $125,404,000 after acquiring an additional 204,384 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Silgan by 6.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,580,856 shares of the industrial products company's stock worth $109,248,000 after acquiring an additional 163,853 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Trading Up 0.1 %

Shares of NYSE SLGN traded up $0.05 during trading hours on Thursday, hitting $56.51. The company's stock had a trading volume of 868,091 shares, compared to its average volume of 566,293. The business has a 50-day simple moving average of $53.21 and a 200-day simple moving average of $49.46. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.49 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14.

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

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.19 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. Silgan's dividend payout ratio is 27.54%.

Wall Street Analyst Weigh In

SLGN has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Silgan from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. StockNews.com downgraded Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Silgan presently has a consensus rating of "Moderate Buy" and an average target price of $57.43.

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.