Silgan Holdings Inc, a leading manufacturer of rigid packaging solutions for consumer goods, has been experiencing changes in its positions amongst hedge funds. In the second quarter, Eagle Bay Advisors LLC saw a significant increase of 151.1% in its stake in Silgan, now owning 836 shares worth $35,000. Similarly, Fifth Third Bancorp increased its position by 92.4% in the third quarter, acquiring an additional 538 shares valued at $48,000. This trend was also seen with Headlands Technologies LLC, who acquired a stake worth approximately $70,000 in the third quarter. Bessemer Group Inc. and State of Wyoming also increased their positions in Silgan, showing a growing interest in the company.
In addition to these investor activities, Silgan’s Vice President, B Frederik Prinzen, recently sold 4,684 shares of the company’s stock at an average price of $43.89 per share. Post-transaction, Prinzen now owns 8,613 shares, valued at $378,024.57. Insider activity such as this is closely monitored by investors and analysts.
Despite these changes, Silgan’s stock has experienced positive growth, currently up 1.9%. On Wednesday, the stock reached $46.61, with 55,567 shares traded. The company’s market cap stands at an impressive $4.96 billion.
Moreover, Silgan recently made an announcement regarding its quarterly dividend. Shareholders of record on Thursday, March 14th, will receive a dividend of $0.19 per share, marking a positive change from the previous quarterly dividend of $0.18. The ex-dividend date for this dividend is Wednesday, March 13th. Currently, Silgan’s payout ratio stands at 25.50%.
Silgan Holdings Inc, known for its comprehensive range of rigid packaging solutions, operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The company offers metal and plastic closures, as well as dispensing systems for various consumer product categories like food, beverage, health care, home, personal care, beauty, and hard surface cleaning products. Additionally, they provide capping and sealing equipment, as well as detection systems. This comprehensive portfolio positions Silgan as a leader in the industry.
In conclusion, Silgan Holdings Inc, with its strong investor interest, positive stock performance, and diverse product offering, continues to thrive in the rigid packaging solutions market.
