3 days Ago By ABMN Staff
Texas Permanent School Fund Corp raised its stake in Silgan Holdings Inc. ( NYSE:SLGN – Free Report ) by 4.2% during the second quarter, HoldingsChannel reports.
The institutional investor owned 73,794 shares of the industrial products company’s stock after acquiring an additional 2,958 shares during the period. Texas Permanent School Fund Corp’s holdings in Silgan were worth $3,124,000 at the end of the most recent quarter. A number of other institutional investors have also recently made changes to their positions in the stock.
Blue Trust Inc. boosted its position in shares of Silgan by 256.6% during the 2nd quarter.
Blue Trust Inc. now owns 592 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 426 shares in the last quarter. Principal Securities Inc.
bought a new stake in shares of Silgan during the 4th quarter valued at about $30,000. Versant Capital Management Inc boosted its position in shares of Silgan by 2,838.5% during the 2nd quarter.
Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,107 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Silgan by 109.9% during the 2nd quarter.
GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 613 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Silgan by 69.7% during the 1st quarter.
Covestor Ltd now owns 1,125 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.
Silgan Stock Performance Shares of Silgan stock opened at $50.53 on Monday. The company has a market cap of $5.
40 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.
67. Silgan Holdings Inc. has a 52 week low of $38.
11 and a 52 week high of $52.84. The business has a 50 day moving average price of $48.
67 and a 200-day moving average price of $46.80. The company has a quick ratio of 0.
64, a current ratio of 1.06 and a debt-to-equity ratio of 1.31.
Silgan Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.19 per share.
This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%.
The ex-dividend date of this dividend is Tuesday, September 3rd. Silgan’s payout ratio is 26.67%.
Analysts Set New Price Targets Several equities research analysts recently commented on SLGN shares. Wells Fargo & Company upped their target price on Silgan from $54.00 to $58.
00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Silgan from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $46.
00 to $53.00 in a report on Thursday, August 1st. StockNews.
com lowered Silgan from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird increased their price target on Silgan from $53.
00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $59.
00 price target (up previously from $56.00) on shares of Silgan in a report on Thursday, August 1st. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.00. Read Our Latest Report on SLGN Insider Activity at Silgan In related news, VP Stacey J.
Mcgrath sold 1,600 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $49.04, for a total transaction of $78,464.
00. Following the completion of the sale, the vice president now directly owns 11,495 shares of the company’s stock, valued at $563,714.80.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . 1.39% of the stock is currently owned by company insiders.
Silgan 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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