Fort Washington Investment Advisors Inc. OH Increases Stock Position in Silgan Holdings Inc. (NYSE:SLGN)

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,710 shares of the industrial products company’s stock after buying an additional 19,080 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.36% of Silgan worth $20,076,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of Silgan by 220.4% in the 3rd 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 period. GAMMA Investing LLC grew its stake in 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 purchasing an additional 606 shares during the last quarter. KBC Group NV raised its holdings in 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 purchasing an additional 494 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Silgan by 13,482.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,124 shares of the industrial products company’s stock valued at $132,000 after buying an additional 3,101 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Silgan by 226.0% in the 2nd quarter. Quarry LP now owns 3,589 shares of the industrial products company’s stock valued at $152,000 after buying an additional 2,488 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SLGN shares. Royal Bank of Canada increased their target price on shares of Silgan from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. StockNews.com lowered Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Truist Financial upped their target price on Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.75.

Silgan Stock Down 1.1 %

Shares of SLGN stock opened at $52.44 on Thursday. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The firm has a market capitalization of $5.60 billion, a PE ratio of 19.00, a P/E/G ratio of 1.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. The stock’s 50-day simple moving average is $53.73 and its 200-day simple moving average is $51.41.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. Silgan’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 EPS. Equities analysts expect that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, December 2nd. Silgan’s payout ratio is 27.54%.

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.