Silgan Holdings Inc. (NASDAQ:SLGN) Director D Greg Horrigan sold 69,121 shares of Silgan stock in a transaction on Friday, February 16th. The shares were sold at an average price of $28.69, for a total value of $1,983,081.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
D Greg Horrigan also recently made the following trade(s):
- On Tuesday, February 13th, D Greg Horrigan sold 355,934 shares of Silgan stock. The shares were sold at an average price of $28.01, for a total value of $9,969,711.34.
Silgan Holdings Inc. (NASDAQ:SLGN) traded up $0.38 on Friday, hitting $28.86. The stock had a trading volume of 423,800 shares, compared to its average volume of 679,180. Silgan Holdings Inc. has a 12 month low of $27.21 and a 12 month high of $32.50. The company has a quick ratio of 0.17, a current ratio of 0.38 and a debt-to-equity ratio of 3.96. The company has a market cap of $3,230.00, a P/E ratio of 11.93, a PEG ratio of 1.36 and a beta of 0.49.
Silgan (NASDAQ:SLGN) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The company had revenue of $995.70 million for the quarter, compared to the consensus estimate of $970.24 million. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. research analysts expect that Silgan Holdings Inc. will post 2.09 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of SLGN. Millennium Management LLC raised its stake in shares of Silgan by 1,994.4% in the 4th quarter. Millennium Management LLC now owns 1,301,496 shares of the industrial products company’s stock worth $38,251,000 after buying an additional 1,239,355 shares in the last quarter. State Street Corp raised its stake in shares of Silgan by 107.8% in the 2nd quarter. State Street Corp now owns 2,006,227 shares of the industrial products company’s stock worth $63,762,000 after buying an additional 1,040,766 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Silgan by 114.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,635,270 shares of the industrial products company’s stock worth $51,969,000 after buying an additional 874,171 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Silgan by 63.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,409,945 shares of the industrial products company’s stock worth $41,438,000 after buying an additional 549,657 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Silgan in the 2nd quarter worth $12,093,000. 66.83% of the stock is currently owned by institutional investors.
SLGN has been the topic of several recent analyst reports. Vertical Research raised Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised Silgan from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, December 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 target price on shares of Silgan in a research note on Monday, November 20th. JPMorgan Chase & Co. downgraded Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 target price on the stock. in a research note on Wednesday, January 17th. Finally, Bank of America downgraded Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Silgan presently has an average rating of “Hold” and an average target price of $31.20.
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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.
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