Silgan Holdings Inc. (NYSE:SLGN) is Segall Bryant & Hamill LLC's 10th Largest Position

Segall Bryant & Hamill LLC decreased its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,092,579 shares of the industrial products company's stock after selling 198,863 shares during the quarter. Silgan accounts for about 0.9% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 10th largest position. Segall Bryant & Hamill LLC owned approximately 1.02% of Silgan worth $55,853,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SLGN. Vanguard Group Inc. raised its stake in Silgan by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 8,931,526 shares of the industrial products company's stock valued at $464,886,000 after purchasing an additional 455,381 shares in the last quarter. FMR LLC raised its stake in Silgan by 12.2% during the fourth quarter. FMR LLC now owns 7,046,400 shares of the industrial products company's stock valued at $366,765,000 after purchasing an additional 767,944 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Silgan by 12.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company's stock valued at $301,670,000 after purchasing an additional 656,923 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Silgan by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,062,013 shares of the industrial products company's stock valued at $159,377,000 after purchasing an additional 11,836 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Silgan by 4.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company's stock valued at $133,150,000 after purchasing an additional 115,878 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Insider Transactions at Silgan

In related news, EVP Robert B. Lewis sold 10,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were 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 directly owned 153,378 shares of the company's stock, valued at $8,576,897.76. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the vice president directly owned 1,380 shares of the company's stock, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SLGN shares. Citigroup upped their price target on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Truist Financial set a $67.00 price target on shares of Silgan and gave the company a "buy" rating in a research note on Friday, July 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Silgan in a research note on Tuesday. Bank of America reiterated a "neutral" rating and set a $59.00 price objective (up previously from $57.00) on shares of Silgan in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.89.

Silgan Trading Up 1.4%

SLGN stock traded up $0.78 during mid-day trading on Wednesday, reaching $54.83. 773,885 shares of the stock traded hands, compared to its average volume of 668,356. The business has a 50-day moving average price of $54.80 and a two-hundred day moving average price of $52.78. 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 stock has a market capitalization of $5.87 billion, a PE ratio of 20.38, a PEG ratio of 1.27 and a beta of 0.75. Silgan Holdings Inc. has a one year low of $44.37 and a one year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.48 billion. Silgan had a net margin of 4.82% and a return on equity of 20.00%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Equities research analysts expect 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. Investors of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, June 2nd. Silgan's dividend payout ratio (DPR) is presently 29.74%.

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.