4,986 Shares in Silgan Holdings Inc. (NYSE:SLGN) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,986 shares of the industrial products company's stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System boosted its stake in shares of Silgan by 1.0% in the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock valued at $992,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock worth $1,160,000 after buying an additional 200 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Silgan by 5.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock valued at $192,000 after buying an additional 210 shares during the period. Aristeia Capital L.L.C. increased its position in shares of Silgan by 4.0% during the fourth quarter. Aristeia Capital L.L.C. now owns 5,488 shares of the industrial products company's stock worth $286,000 after acquiring an additional 212 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Silgan by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,440 shares of the industrial products company's stock valued at $1,897,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Insider Buying and Selling

In related news, VP B Frederik Prinzen sold 2,378 shares of the firm's 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 sale, the vice president owned 1,380 shares of the company's stock, valued at approximately $74,589. This trade represents a 63.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Lewis sold 10,000 shares of the company'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 transaction, the executive vice president owned 153,378 shares of the company's stock, valued at approximately $8,576,897.76. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a research note on Thursday, May 1st. Raymond James Financial reissued a "strong-buy" rating on shares of Silgan in a research report on Tuesday, July 15th. Truist Financial raised their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Citigroup boosted their target price on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Silgan currently has a consensus rating of "Moderate Buy" and an average price target of $63.78.

Silgan Trading Up 2.0%

Shares of SLGN stock traded up $1.08 on Tuesday, reaching $56.04. 784,908 shares of the stock were exchanged, compared to its average volume of 671,233. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 1.67. The stock has a market cap of $6.00 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The firm has a 50 day moving average of $54.88 and a two-hundred day moving average of $52.86. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $0.69 earnings per share. The firm's revenue was up 11.4% compared to the same quarter last year. On average, research analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.43%. Silgan's dividend payout ratio is presently 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.