Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,217 shares of the industrial products company’s stock after selling 11,928 shares during the period. Leeward Investments LLC MA owned approximately 0.15% of Silgan worth $8,339,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SLGN. Bank of Jackson Hole Trust acquired a new stake in shares of Silgan during the 4th quarter valued at approximately $59,000. Venturi Wealth Management LLC increased its stake in Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 963 shares in the last quarter. KBC Group NV raised its holdings in Silgan by 27.7% during the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 494 shares during the last quarter. GAMMA Investing LLC boosted its position in Silgan by 48.6% during the fourth quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 863 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Silgan in the third quarter valued at $154,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insider Transactions at Silgan

In other news, EVP Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the sale, the executive vice president now directly owns 152,133 shares of the company’s stock, valued at $8,096,518.26. The trade was a 11.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.39% of the company’s stock.

Silgan Trading Down 2.0 %

Shares of SLGN opened at $54.41 on Monday. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The company has a market capitalization of $5.81 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The stock has a fifty day moving average of $52.96 and a two-hundred day moving average of $52.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $69.00) on shares of Silgan in a report on Thursday, January 30th. Loop Capital increased their price target on shares of Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Silgan from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Bank of America increased their target price on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.22.

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.