Insider Selling: Silgan Holdings Inc. (NYSE:SLGN) VP Sells 4,093 Shares of Stock

Silgan Holdings Inc. (NYSE:SLGNGet Free Report) VP B Frederik Prinzen sold 4,093 shares of Silgan stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.84, for a total transaction of $195,809.12. Following the completion of the transaction, the vice president now directly owns 4,520 shares of the company’s stock, valued at $216,236.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

B Frederik Prinzen also recently made the following trade(s):

  • On Monday, March 4th, B Frederik Prinzen sold 4,684 shares of Silgan stock. The shares were sold at an average price of $43.89, for a total transaction of $205,580.76.

Silgan Trading Down 0.9 %

NYSE SLGN traded down $0.45 on Wednesday, reaching $47.11. The company had a trading volume of 511,772 shares, compared to its average volume of 585,457. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.59 and a beta of 0.69. The stock’s 50 day moving average is $46.56 and its 200-day moving average is $44.54. Silgan Holdings Inc. has a 52 week low of $38.11 and a 52 week high of $49.72.

Silgan (NYSE:SLGNGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Silgan had a net margin of 5.25% and a return on equity of 19.26%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts predict that Silgan Holdings Inc. will post 3.66 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.61%. Silgan’s payout ratio is 26.67%.

Institutional Trading of Silgan

Several hedge funds have recently bought and sold shares of SLGN. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Silgan by 17.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,390 shares of the industrial products company’s stock worth $750,000 after buying an additional 2,599 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Silgan by 92.4% in the third quarter. Fifth Third Bancorp now owns 1,120 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 538 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Silgan in the third quarter worth $1,582,000. M&T Bank Corp grew its position in Silgan by 31.8% in the third quarter. M&T Bank Corp now owns 15,650 shares of the industrial products company’s stock valued at $675,000 after purchasing an additional 3,780 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Silgan by 29.9% in the 3rd quarter. California Public Employees Retirement System now owns 352,543 shares of the industrial products company’s stock valued at $15,198,000 after buying an additional 81,055 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SLGN shares. JPMorgan Chase & Co. boosted their target price on shares of Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, February 1st. Citigroup upped their price target on shares of Silgan from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Wells Fargo & Company reduced their price objective on Silgan from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their target price on Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Raymond James increased their price target on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.00.

View Our Latest Report on Silgan

Silgan Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Silgan (NYSE:SLGN)

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