Segall Bryant & Hamill LLC Has $67.12 Million Stock Position in Silgan Holdings Inc. (NYSE:SLGN)

Segall Bryant & Hamill LLC grew its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,278,560 shares of the industrial products company’s stock after purchasing an additional 11,655 shares during the period. Silgan makes up about 0.9% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 7th biggest holding. Segall Bryant & Hamill LLC’s holdings in Silgan were worth $67,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of Silgan by 256.6% in the second quarter. Blue Trust Inc. now owns 592 shares of the industrial products company’s stock worth $25,000 after buying an additional 426 shares during the last quarter. Covestor Ltd lifted its position in Silgan by 69.7% during the 1st quarter. Covestor Ltd now owns 1,125 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 462 shares during the period. Versant Capital Management Inc lifted its position in Silgan by 2,838.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,107 shares during the period. GAMMA Investing LLC increased its holdings in shares of Silgan by 109.9% in the second quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 613 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Silgan by 220.4% during the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 963 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Stock Up 0.2 %

SLGN opened at $54.29 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a twelve month low of $40.88 and a twelve month high of $55.32. The company has a market cap of $5.80 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.40 and a beta of 0.67. The company has a 50-day moving average price of $51.95 and a 200 day moving average price of $48.74.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Silgan had a net margin of 5.11% and a return on equity of 18.76%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts expect that Silgan Holdings Inc. will post 3.6 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.40%. Silgan’s dividend payout ratio is presently 27.54%.

Wall Street Analysts Forecast Growth

SLGN has been the subject of a number of recent research reports. Robert W. Baird raised their price target on shares of Silgan from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on Silgan from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com downgraded Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of Silgan from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $46.00 to $53.00 in a research note on Thursday, August 1st. Finally, Wells Fargo & Company boosted their target price on shares of Silgan from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.43.

Silgan 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.