Jackson Creek Investment Advisors LLC Invests $255,000 in Silgan Holdings Inc. (NYSE:SLGN)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,986 shares of the industrial products company's stock, valued at approximately $255,000.

A number of other large investors also recently bought and sold shares of SLGN. CX Institutional purchased a new stake in Silgan during the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its holdings in shares of Silgan by 254.9% during the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Silgan in the 1st quarter worth $51,000. GeoWealth Management LLC acquired a new stake in shares of Silgan in the 4th quarter worth $56,000. Finally, Continuum Advisory LLC increased its position in Silgan by 2,754.3% during the 1st quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock valued at $67,000 after buying an additional 1,267 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Down 0.2%

NYSE:SLGN opened at $55.23 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.14 and a quick ratio of 0.67. The company's fifty day moving average price is $54.88 and its 200-day moving average price is $52.84. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14. The firm has a market capitalization of $5.91 billion, a P/E ratio of 20.53, a PEG ratio of 1.29 and a beta of 0.75.

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

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.45%. Silgan's dividend payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 10,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $55.92, for a total transaction of $559,200.00. Following the sale, the executive vice president directly owned 153,378 shares of the company's stock, valued at approximately $8,576,897.76. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP B Frederik Prinzen sold 2,378 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $54.05, for a total transaction of $128,530.90. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.13% of the stock is owned by company insiders.

About Silgan

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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