Shares of Silgan Holdings Inc. (NASDAQ:SLGN) have earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.00.
A number of equities research analysts recently weighed in on SLGN shares. Bank of America lifted their price objective on shares of Silgan from $32.00 to $33.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. KeyCorp restated a “sell” rating and set a $25.00 price objective on shares of Silgan in a research note on Thursday, February 1st. Zacks Investment Research upgraded shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday, February 5th. JPMorgan Chase cut shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, January 17th. Finally, Vertical Research upgraded shares of Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd.
In other Silgan news, CFO Robert B. Lewis sold 15,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $29.01, for a total value of $435,150.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director D Greg Horrigan sold 69,121 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $28.69, for a total transaction of $1,983,081.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 468,655 shares of company stock worth $13,206,189. 33.10% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Assetmark Inc. raised its position in Silgan by 162.3% in the fourth quarter. Assetmark Inc. now owns 4,320 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 2,673 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Silgan in the fourth quarter worth about $158,000. Cubist Systematic Strategies LLC bought a new stake in Silgan in the third quarter worth about $167,000. Amundi Pioneer Asset Management Inc. bought a new stake in Silgan in the fourth quarter worth about $199,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Silgan in the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.
Shares of SLGN traded down $0.33 during midday trading on Wednesday, hitting $27.55. 528,596 shares of the stock traded hands, compared to its average volume of 584,289. Silgan has a 1-year low of $26.97 and a 1-year high of $32.50. The company has a market cap of $3,077.54, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.48. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.60 and a current ratio of 1.35.
Silgan (NASDAQ:SLGN) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The company had revenue of $995.70 million during the quarter, compared to the consensus estimate of $970.24 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. analysts predict that Silgan will post 2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a dividend of $0.10 per share. This is a boost from Silgan’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, March 15th. Silgan’s payout ratio is currently 24.24%.
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Silgan Company Profile
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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