Silgan Holdings Inc. (NYSE:SLGN) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,140,028 shares of the industrial products company’s stock after purchasing an additional 9,532 shares during the period. Victory Capital Management Inc. owned 2.00% of Silgan worth $111,388,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Silgan by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,517 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 361 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Silgan by 5.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 388 shares during the period. Keybank National Association OH lifted its holdings in shares of Silgan by 3.4% during the 4th quarter. Keybank National Association OH now owns 12,678 shares of the industrial products company’s stock worth $660,000 after acquiring an additional 411 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Silgan by 5.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 456 shares during the period. Finally, KBC Group NV lifted 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. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLGN has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Loop Capital raised their price target on shares of Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price target on shares of Silgan from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Robert W. Baird raised their price target on shares of Silgan from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.22.

Silgan Trading Up 0.9 %

SLGN opened at $51.84 on Thursday. The firm has a market capitalization of $5.54 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.27 and a beta of 0.71. The firm’s 50 day moving average is $53.10 and its 200-day moving average is $52.81. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. 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 (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. Analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Silgan’s previous quarterly dividend of $0.19. Silgan’s dividend payout ratio (DPR) is presently 31.01%.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 20,000 shares of Silgan stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the completion of the transaction, the executive vice president now owns 152,133 shares of the company’s stock, valued at $8,096,518.26. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam J. Greenlee sold 125,000 shares of Silgan stock in a transaction on Monday, February 24th. The stock was sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the completion of the transaction, the chief executive officer now directly owns 227,332 shares of the company’s stock, valued at approximately $12,441,880.36. This represents a 35.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

Silgan 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.