Boston Trust Walden Corp Cuts Position in Silgan Holdings Inc. (NYSE:SLGN)

Boston Trust Walden Corp lowered its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,877,157 shares of the industrial products company’s stock after selling 4,793 shares during the period. Boston Trust Walden Corp’s holdings in Silgan were worth $97,706,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC raised its position in shares of Silgan by 220.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 963 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Silgan by 51.8% in the third quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 606 shares in the last quarter. KBC Group NV boosted its stake in shares of Silgan by 27.7% in the third 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 last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Silgan by 13,482.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,124 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 3,101 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Silgan in the 3rd quarter valued at $154,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SLGN shares. Wells Fargo & Company boosted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial restated a “buy” rating and issued a $70.00 price target (up from $69.00) on shares of Silgan in a research report on Thursday. Loop Capital lifted their price objective on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James upped their target price on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday. Finally, StockNews.com lowered 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 eight have issued a buy rating to the stock. Based on data from MarketBeat, Silgan has a consensus rating of “Moderate Buy” and a consensus target price of $64.22.

Silgan Stock Performance

NYSE:SLGN opened at $55.10 on Monday. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a 52 week low of $41.14 and a 52 week high of $58.14. The company has a fifty day simple moving average of $53.64 and a two-hundred day simple moving average of $51.96.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.38%. Silgan’s payout ratio is 29.46%.

Silgan Company Profile

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.