MassMutual Private Wealth & Trust FSB Sells 3,070 Shares of Silgan Holdings Inc. (NYSE:SLGN)

MassMutual Private Wealth & Trust FSB cut its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 23.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,278 shares of the industrial products company’s stock after selling 3,070 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Silgan were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its stake in Silgan by 2.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,707 shares of the industrial products company’s stock valued at $453,000 after purchasing an additional 267 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Silgan by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,517 shares of the industrial products company’s stock worth $290,000 after buying an additional 361 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Silgan by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 388 shares in the last quarter. AQR Capital Management LLC grew its stake in Silgan by 1.1% in the second quarter. AQR Capital Management LLC now owns 37,660 shares of the industrial products company’s stock valued at $1,594,000 after acquiring an additional 421 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of Silgan by 5.7% during the third quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 456 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Silgan Trading Up 0.7 %

NYSE:SLGN opened at $53.00 on Wednesday. Silgan Holdings Inc. has a 52 week low of $41.14 and a 52 week high of $58.14. The firm has a 50-day moving average price of $53.79 and a two-hundred day moving average price of $51.40. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09.

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

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.43%. Silgan’s dividend payout ratio (DPR) is presently 27.54%.

Wall Street Analyst Weigh In

SLGN has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial upped their target price on shares of Silgan from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Bank of America raised their price target on shares of Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and an average target price of $59.75.

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.