Two Sigma Advisers LP lifted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 202.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 247,900 shares of the industrial products company's stock after buying an additional 165,900 shares during the period. Two Sigma Advisers LP owned about 0.23% of Silgan worth $13,015,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock valued at $329,619,000 after purchasing an additional 2,932,680 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Silgan in the second quarter valued at $19,666,000. Boston Trust Walden Corp increased its holdings in Silgan by 20.6% in 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 purchasing an additional 322,511 shares during the period. Dimensional Fund Advisors LP increased its holdings in Silgan by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock valued at $125,404,000 after purchasing an additional 204,384 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Silgan by 6.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,580,856 shares of the industrial products company's stock valued at $109,248,000 after purchasing an additional 163,853 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.
Silgan Stock Down 1.3 %
Shares of SLGN stock traded down $0.70 on Tuesday, reaching $55.14. 497,431 shares of the company were exchanged, compared to its average volume of 565,887. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.45 and a beta of 0.69. The company has a 50-day moving average of $53.45 and a 200-day moving average of $49.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. Silgan Holdings Inc. has a one year low of $41.14 and a one 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. Silgan's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. Analysts anticipate that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.
Silgan Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.38%. Silgan's dividend payout ratio (DPR) is presently 27.54%.
Wall Street Analyst Weigh In
SLGN has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Silgan from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. StockNews.com cut shares of Silgan from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.43.
Check Out Our Latest Report on SLGN
Silgan Company Profile
(
Free Report)
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.
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