Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,856,301 shares of the industrial products company's stock after selling 20,856 shares during the quarter. Boston Trust Walden Corp owned about 1.74% of Silgan worth $94,894,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Silgan by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 8,931,526 shares of the industrial products company's stock worth $464,886,000 after purchasing an additional 455,381 shares in the last quarter. FMR LLC lifted its holdings in shares of Silgan by 12.2% in the 4th quarter. FMR LLC now owns 7,046,400 shares of the industrial products company's stock worth $366,765,000 after buying an additional 767,944 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Silgan by 12.8% in the 4th quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company's stock worth $301,670,000 after buying an additional 656,923 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Silgan by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,062,013 shares of the industrial products company's stock worth $159,377,000 after acquiring an additional 11,836 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Silgan by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,140,028 shares of the industrial products company's stock worth $111,388,000 after acquiring an additional 9,532 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Insider Activity at Silgan

In other Silgan news, EVP Robert B. Lewis sold 10,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $55.92, for a total value of $559,200.00. Following the completion of the sale, the executive vice president now directly owns 153,378 shares of the company's stock, valued at $8,576,897.76. This trade represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP B Frederik Prinzen sold 2,378 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 1,380 shares of the company's stock, 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. 1.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SLGN. JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target for the company in a research report on Thursday, May 1st. Raymond James Financial raised Silgan from an "outperform" rating to a "strong-buy" rating and cut their price objective for the company from $65.00 to $60.00 in a report on Tuesday, April 22nd. Truist Financial cut their price objective on Silgan from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup raised their target price on Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Silgan presently has a consensus rating of "Buy" and an average target price of $63.11.

Silgan Price Performance

Shares of SLGN traded up $0.22 during trading hours on Friday, hitting $53.92. 662,173 shares of the stock were exchanged, compared to its average volume of 665,993. The stock's 50-day moving average price is $53.42 and its two-hundred day moving average price is $52.62. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.67 and a current ratio of 1.14. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Silgan had a return on equity of 20.00% and a net margin of 4.82%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm's revenue was up 11.4% compared to the same quarter last year. Research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Monday, June 2nd. Silgan's dividend payout ratio is currently 29.74%.

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.