Segall Bryant & Hamill LLC Has $67.12 Million Position in Silgan Holdings Inc. (NYSE:SLGN)

Segall Bryant & Hamill LLC grew its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,278,560 shares of the industrial products company's stock after acquiring an additional 11,655 shares during the period. Silgan accounts for approximately 0.9% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 7th biggest position. Segall Bryant & Hamill LLC owned 1.20% of Silgan worth $67,124,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Silgan by 256.6% in the second quarter. Blue Trust Inc. now owns 592 shares of the industrial products company's stock worth $25,000 after purchasing an additional 426 shares during the last quarter. Covestor Ltd grew its position in shares of Silgan by 69.7% in the 1st quarter. Covestor Ltd now owns 1,125 shares of the industrial products company's stock valued at $55,000 after buying an additional 462 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Silgan by 2,838.5% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company's stock worth $49,000 after acquiring an additional 1,107 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Silgan by 109.9% in the second quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company's stock worth $50,000 after acquiring an additional 613 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Silgan by 220.4% in the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 963 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Silgan Stock Performance

Shares of SLGN traded up $0.29 on Wednesday, reaching $54.58. 210,841 shares of the company's stock traded hands, compared to its average volume of 564,234. The stock's 50 day simple moving average is $51.95 and its two-hundred day simple moving average is $48.74. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a 52-week low of $40.88 and a 52-week high of $55.32. The stock has a market cap of $5.83 billion, a PE ratio of 19.67, a PEG ratio of 1.40 and a beta of 0.67.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $1.75 billion for 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 company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. On average, analysts forecast that Silgan Holdings Inc. will post 3.6 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's dividend payout ratio (DPR) is presently 27.54%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLGN. Truist Financial reiterated a "buy" rating and set a $59.00 price objective (up from $56.00) on shares of Silgan in a research report on Thursday, August 1st. StockNews.com lowered shares of Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Citigroup lifted their price target on Silgan from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Robert W. Baird increased their price objective on Silgan from $53.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised Silgan from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $46.00 to $53.00 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.