Silgan Holdings Inc. (NASDAQ:SLGN) Director D Greg Horrigan sold 28,600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.61, for a total transaction of $818,246.00. Following the sale, the director now directly owns 7,826,790 shares in the company, valued at $223,924,461.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
D Greg Horrigan also recently made the following trade(s):
- On Friday, February 16th, D Greg Horrigan sold 69,121 shares of Silgan stock. The stock was sold at an average price of $28.69, for a total transaction of $1,983,081.49.
- On Tuesday, February 13th, D Greg Horrigan sold 355,934 shares of Silgan stock. The stock was sold at an average price of $28.01, for a total transaction of $9,969,711.34.
Shares of Silgan Holdings Inc. (NASDAQ SLGN) opened at $28.68 on Friday. Silgan Holdings Inc. has a 52 week low of $27.21 and a 52 week high of $32.50. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.17 and a current ratio of 0.38. The company has a market cap of $3,147.83, a P/E ratio of 11.85, a PEG ratio of 1.37 and a beta of 0.49.
Silgan (NASDAQ:SLGN) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The business had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $970.24 million. During the same period in the prior year, the firm earned $0.48 earnings per share. Silgan’s revenue was up 23.6% compared to the same quarter last year. analysts anticipate that Silgan Holdings Inc. will post 2.09 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in SLGN. Millennium Management LLC lifted its holdings in Silgan by 1,994.4% in the fourth quarter. Millennium Management LLC now owns 1,301,496 shares of the industrial products company’s stock valued at $38,251,000 after buying an additional 1,239,355 shares during the period. State Street Corp lifted its holdings in Silgan by 107.8% in the second quarter. State Street Corp now owns 2,006,227 shares of the industrial products company’s stock valued at $63,762,000 after buying an additional 1,040,766 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Silgan by 63.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,409,945 shares of the industrial products company’s stock valued at $41,438,000 after buying an additional 549,657 shares during the period. Lord Abbett & CO. LLC acquired a new position in Silgan in the second quarter valued at approximately $12,093,000. Finally, American Century Companies Inc. lifted its holdings in Silgan by 22.4% in the fourth quarter. American Century Companies Inc. now owns 1,768,586 shares of the industrial products company’s stock valued at $51,979,000 after buying an additional 323,252 shares during the period. Institutional investors and hedge funds own 66.64% of the company’s stock.
Several analysts have weighed in on SLGN shares. Zacks Investment Research cut shares of Silgan from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Vertical Research raised shares of Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. cut shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research note on Wednesday, January 17th. Bank of America cut shares of Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Finally, Barclays raised shares of Silgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $35.00 in a research note on Monday, February 12th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Silgan currently has a consensus rating of “Hold” and a consensus 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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