Northwestern Mutual Investment Management Company LLC increased its holdings in Silgan Holdings Inc. (NASDAQ:SLGN) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,994 shares of the industrial products company’s stock after acquiring an additional 543 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Silgan Holdings were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of Silgan Holdings by 9.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 207 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Silgan Holdings by 1.0% in the 1st quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 27 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of Silgan Holdings by 157.5% in the 1st quarter. Neuburgh Advisers LLC now owns 3,296 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 2,016 shares in the last quarter. US Bancorp DE increased its stake in shares of Silgan Holdings by 3.1% in the 1st quarter. US Bancorp DE now owns 3,381 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 101 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Silgan Holdings in the 1st quarter worth about $201,000. Institutional investors own 67.00% of the company’s stock.

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In other Silgan Holdings news, insider Thomas James Snyder sold 10,506 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $30.78, for a total value of $323,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert B. Lewis sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $29.70, for a total transaction of $207,900.00. The disclosure for this sale can be found here. Insiders sold 19,698 shares of company stock valued at $597,429 over the last quarter. 33.10% of the stock is currently owned by corporate insiders.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) opened at 29.53 on Friday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 23.46 and a beta of 0.54. The company’s 50-day moving average is $30.05 and its 200 day moving average is $30.60. Silgan Holdings Inc. has a 12 month low of $23.58 and a 12 month high of $32.50.

Silgan Holdings (NASDAQ:SLGN) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts predict that Silgan Holdings Inc. will post $1.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.22%. Silgan Holdings’s dividend payout ratio is presently 29.03%.

SLGN has been the subject of several research reports. Zacks Investment Research lowered shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $30.00 price target (down from $60.00) on shares of Silgan Holdings in a research note on Monday, June 5th. BidaskClub lowered shares of Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) lowered shares of Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Thursday, July 13th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price target on shares of Silgan Holdings in a research note on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.33.

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.

Institutional Ownership by Quarter for Silgan Holdings (NASDAQ:SLGN)

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