State of Wisconsin Investment Board raised its stake in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 100.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,780 shares of the industrial products company’s stock after buying an additional 7,390 shares during the quarter. State of Wisconsin Investment Board’s holdings in Silgan Holdings were worth $470,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. raised its stake in Silgan Holdings by 1.0% during the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock valued at $162,000 after buying an additional 27 shares during the last quarter. Utah Retirement Systems raised its stake in Silgan Holdings by 1.5% during the first quarter. Utah Retirement Systems now owns 6,752 shares of the industrial products company’s stock valued at $401,000 after buying an additional 100 shares during the last quarter. US Bancorp DE raised its stake in Silgan Holdings by 3.1% during 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 last quarter. Oregon Public Employees Retirement Fund raised its stake in Silgan Holdings by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,350 shares of the industrial products company’s stock valued at $852,000 after buying an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Silgan Holdings by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $564,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/13/state-of-wisconsin-investment-board-buys-7390-shares-of-silgan-holdings-inc-slgn.html.

In other news, VP Anthony P. Andreacchi sold 2,192 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.18, for a total transaction of $66,154.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas James Snyder sold 10,506 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $30.78, for a total value of $323,374.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,698 shares of company stock valued at $597,429. Company insiders own 33.10% of the company’s stock.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) opened at 29.91 on Wednesday. Silgan Holdings Inc. has a 12-month low of $23.58 and a 12-month high of $32.50. The firm has a 50 day moving average price of $30.27 and a 200-day moving average price of $30.62. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 23.76 and a beta of 0.54.

Silgan Holdings (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts expect that Silgan Holdings Inc. will post $1.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. Silgan Holdings’s dividend payout ratio is presently 29.03%.

A number of research analysts have issued reports on SLGN shares. Zacks Investment Research cut Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reissued a “hold” rating and issued a $30.00 target price (down previously from $60.00) on shares of Silgan Holdings in a report on Monday, June 5th. BidaskClub lowered Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) lowered Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Thursday, July 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $34.00 target price on shares of Silgan Holdings in a report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.36.

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)

Receive News & Stock Ratings for Silgan Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan Holdings Inc. and related stocks with our FREE daily email newsletter.