Silgan Holdings Inc. (NASDAQ:SLGN) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC grew its stake in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 96.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,810 shares of the industrial products company’s stock after buying an additional 29,396 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Silgan Holdings worth $1,901,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC bought a new stake in shares of Silgan Holdings in the first quarter worth $201,000. Great West Life Assurance Co. Can grew its stake in shares of Silgan Holdings by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 22,898 shares of the industrial products company’s stock worth $1,358,000 after purchasing an additional 664 shares during the last quarter. US Bancorp DE lifted its holdings in Silgan Holdings by 3.1% in the first quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock valued at $200,000 after buying an additional 101 shares during the period. Bank of New York Mellon Corp lifted its holdings in Silgan Holdings by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 547,710 shares of the industrial products company’s stock valued at $32,512,000 after buying an additional 24,506 shares during the period. Finally, Swiss National Bank lifted its holdings in Silgan Holdings by 1.9% in the first quarter. Swiss National Bank now owns 63,400 shares of the industrial products company’s stock valued at $3,763,000 after buying an additional 1,200 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.
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Silgan Holdings Inc. (SLGN) traded down 0.28% on Friday, hitting $28.54. 573,680 shares of the stock were exchanged. Silgan Holdings Inc. has a 12 month low of $24.36 and a 12 month high of $32.50. The company has a 50-day moving average of $29.35 and a 200-day moving average of $30.49. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 22.67 and a beta of 0.53.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts predict that Silgan Holdings Inc. will post $1.65 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, August 30th. Silgan Holdings’s dividend payout ratio (DPR) is presently 29.03%.
In related news, VP Robert B. Lewis sold 7,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $29.70, for a total transaction of $207,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas James Snyder sold 10,506 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $30.78, for a total transaction of $323,374.68. The disclosure for this sale can be found here. Insiders sold 19,698 shares of company stock worth $597,429 in the last three months. Insiders own 33.10% of the company’s stock.
SLGN has been the topic of several recent analyst reports. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) lowered shares of Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a report on Thursday, July 13th. BidaskClub lowered shares of Silgan Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada assumed coverage on shares of Silgan Holdings in a report on Monday, October 9th. They set a “sector perform” rating and a $30.00 price objective on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and set a $34.00 price objective on shares of Silgan Holdings in a report on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.00.
Silgan Holdings Company Profile
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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