Dean Capital Management Boosts Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Dean Capital Management lifted its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,088 shares of the industrial products company's stock after acquiring an additional 17,706 shares during the period. Silgan makes up 1.4% of Dean Capital Management's holdings, making the stock its 4th biggest holding. Dean Capital Management owned 0.06% of Silgan worth $3,180,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. GeoWealth Management LLC bought a new stake in shares of Silgan in the fourth quarter valued at $56,000. Bank of Jackson Hole Trust bought a new stake in Silgan in the 4th quarter valued at about $59,000. Smartleaf Asset Management LLC lifted its holdings in Silgan by 1,229.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock valued at $107,000 after purchasing an additional 1,906 shares during the last quarter. GAMMA Investing LLC boosted its position in Silgan by 48.6% during the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock worth $137,000 after purchasing an additional 863 shares during the period. Finally, KBC Group NV increased its stake in shares of Silgan by 52.5% in the fourth quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock worth $181,000 after purchasing an additional 1,196 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Price Performance

SLGN traded down $0.17 on Friday, reaching $53.64. The company had a trading volume of 664,782 shares, compared to its average volume of 663,596. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.27 and a beta of 0.74. The business has a 50 day simple moving average of $50.50 and a 200 day simple moving average of $52.54.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. Silgan had a net margin of 4.72% and a return on equity of 19.70%. The firm's revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. As a group, sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. Silgan's dividend payout ratio is 29.74%.

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the sale, the executive vice president now directly owns 152,133 shares in the company, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP B Frederik Prinzen sold 2,378 shares of Silgan stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $54.05, for a total value of $128,530.90. Following the completion of the transaction, the vice president now directly owns 1,380 shares in the company, valued at $74,589. This trade represents a 63.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,378 shares of company stock worth $8,034,181 in the last quarter. 1.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLGN. Truist Financial cut their price objective on shares of Silgan from $70.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird lifted their price target on Silgan from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Citigroup increased their price objective on Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday. Loop Capital lifted their target price on Silgan from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $63.11.

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.