Leeward Investments LLC MA Decreases Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Leeward Investments LLC MA lowered its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 6.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 160,217 shares of the industrial products company’s stock after selling 11,928 shares during the quarter. Leeward Investments LLC MA’s holdings in Silgan were worth $8,339,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Nicola Wealth Management LTD. lifted its position in Silgan by 24.4% during the 3rd quarter. Nicola Wealth Management LTD. now owns 96,900 shares of the industrial products company’s stock worth $5,087,000 after acquiring an additional 19,000 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Silgan during the third quarter valued at approximately $2,975,000. BNP Paribas Financial Markets lifted its position in shares of Silgan by 144.1% during the third quarter. BNP Paribas Financial Markets now owns 54,938 shares of the industrial products company’s stock worth $2,884,000 after purchasing an additional 32,432 shares in the last quarter. Versor Investments LP boosted its stake in shares of Silgan by 112.7% in the third quarter. Versor Investments LP now owns 10,208 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 5,408 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Silgan during the 4th quarter valued at $620,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SLGN shares. Raymond James boosted their price objective on shares of Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Robert W. Baird boosted their price target on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America upped their target price on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their target price on Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Silgan has an average rating of “Moderate Buy” and an average price target of $64.22.

Silgan Price Performance

Shares of NYSE SLGN opened at $54.41 on Monday. The business has a 50 day simple moving average of $52.96 and a 200-day simple moving average of $52.58. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve month high of $58.14. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. As a group, equities research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Insiders Place Their Bets

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

About Silgan

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.