Silgan Holdings Inc. (NYSE:SLGN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,495,033 shares of the industrial products company's stock after acquiring an additional 157,160 shares during the quarter. Geode Capital Management LLC owned about 1.40% of Silgan worth $78,509,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLGN. Blue Trust Inc. boosted its holdings in shares of Silgan by 256.6% during the 2nd 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. Venturi Wealth Management LLC boosted its stake in Silgan by 220.4% during the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock worth $74,000 after buying an additional 963 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Silgan in the 2nd quarter valued at $70,000. GAMMA Investing LLC increased its stake in shares of Silgan by 51.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company's stock worth $93,000 after acquiring an additional 606 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Silgan by 27.7% during the 3rd quarter. KBC Group NV now owns 2,277 shares of the industrial products company's stock worth $120,000 after acquiring an additional 494 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Silgan Trading Up 0.5 %

Shares of SLGN stock traded up $0.26 on Friday, hitting $52.18. The stock had a trading volume of 7,235,098 shares, compared to its average volume of 596,640. The company's 50 day moving average price is $53.89 and its 200-day moving average price is $50.04. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market capitalization of $5.57 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.44 and a beta of 0.69.

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). Silgan had a return on equity of 18.76% and a net margin of 5.11%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts anticipate that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.46%. Silgan's dividend payout ratio (DPR) is 27.54%.

Wall Street Analysts Forecast Growth

SLGN has been the subject of a number of analyst reports. StockNews.com lowered shares of Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada raised their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $58.14.

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.