Silgan Holdings Inc. (NYSE:SLGN) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in Silgan Holdings Inc. (NYSE:SLGN) by 5.7% during the 3rd quarter, Holdings Channel reports. The fund owned 8,405 shares of the industrial products company’s stock after purchasing an additional 456 shares during the quarter. Captrust Financial Advisors’ holdings in Silgan were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SLGN. Dimensional Fund Advisors LP raised 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 acquiring an additional 204,384 shares in the last quarter. Choreo LLC acquired a new stake in shares of Silgan in the 2nd quarter valued at $498,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Silgan by 6.8% in the 2nd 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 in the last quarter. Nicola Wealth Management LTD. raised its stake in Silgan by 24.4% in the third quarter. Nicola Wealth Management LTD. now owns 96,900 shares of the industrial products company’s stock valued at $5,087,000 after buying an additional 19,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Silgan by 144.1% in the third quarter. BNP Paribas Financial Markets now owns 54,938 shares of the industrial products company’s stock valued at $2,884,000 after buying an additional 32,432 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Performance

Shares of Silgan stock opened at $54.69 on Friday. 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.45 and a beta of 0.69. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The firm’s fifty day simple moving average is $53.66 and its 200-day simple moving average is $49.81.

Silgan (NYSE:SLGN) 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). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.82 billion. Silgan had a net margin of 5.11% and a return on equity of 18.76%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities analysts forecast that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan’s payout ratio is currently 27.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SLGN shares. Royal Bank of Canada raised their target price on Silgan from $55.00 to $58.00 and gave the stock 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 report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.43.

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.