Silgan Holdings Inc. (NASDAQ:SLGN) insider Thomas James Snyder sold 10,444 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $31.02, for a total transaction of $323,972.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of SLGN stock opened at $30.73 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. Silgan Holdings Inc. has a one year low of $22.24 and a one year high of $31.69. The company’s fifty day moving average price is $30.45. The company has a quick ratio of 0.24, a current ratio of 0.47 and a debt-to-equity ratio of 2.35.
Silgan (NASDAQ:SLGN) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Silgan had a net margin of 4.46% and a return on equity of 26.45%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. As a group, equities analysts expect that Silgan Holdings Inc. will post 2.18 earnings per share for the current year.
A number of research analysts recently weighed in on SLGN shares. KeyCorp restated a “hold” rating on shares of Silgan in a research report on Wednesday, April 24th. Zacks Investment Research downgraded shares of Silgan from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. upgraded shares of Silgan from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $31.00 to $33.00 in a research report on Wednesday, July 17th. BidaskClub upgraded shares of Silgan from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup increased their price target on shares of Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Silgan currently has a consensus rating of “Hold” and an average price target of $30.63.
Hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Silgan by 2.0% during the second quarter. LPL Financial LLC now owns 17,714 shares of the industrial products company’s stock worth $542,000 after buying an additional 346 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Silgan by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,113 shares of the industrial products company’s stock valued at $952,000 after buying an additional 442 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Silgan by 5.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,620 shares of the industrial products company’s stock valued at $325,000 after buying an additional 542 shares during the period. Mason Street Advisors LLC increased its stake in shares of Silgan by 1.3% in the 1st quarter. Mason Street Advisors LLC now owns 41,106 shares of the industrial products company’s stock valued at $1,218,000 after buying an additional 547 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Silgan by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 101,193 shares of the industrial products company’s stock valued at $3,097,000 after buying an additional 565 shares during the period. Hedge funds and other institutional investors own 65.72% of the company’s stock.
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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