Silgan Holdings Inc. (NASDAQ:SLGN) VP Anthony P. Andreacchi sold 3,692 shares of Silgan stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $30.23, for a total transaction of $111,609.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ SLGN traded down $0.10 during trading on Friday, reaching $30.15. 485,393 shares of the stock were exchanged, compared to its average volume of 478,840. Silgan Holdings Inc. has a twelve month low of $22.24 and a twelve month high of $30.90. The company has a current ratio of 1.15, a quick ratio of 0.62 and a debt-to-equity ratio of 2.35. The stock has a market cap of $3.34 billion, a P/E ratio of 14.50, a PEG ratio of 1.79 and a beta of 0.82.
Silgan (NASDAQ:SLGN) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Silgan had a net margin of 5.04% and a return on equity of 26.74%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts expect that Silgan Holdings Inc. will post 2.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. Silgan’s payout ratio is currently 21.15%.
A number of research analysts have weighed in on SLGN shares. BidaskClub cut shares of Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. TheStreet raised shares of Silgan from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. ValuEngine raised shares of Silgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Silgan from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Silgan in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $29.25.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Silgan by 2,370.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 724,449 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 695,121 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Silgan in the fourth quarter worth $55,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Silgan by 121.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,100 shares of the industrial products company’s stock worth $62,000 after buying an additional 1,153 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Silgan in the first quarter worth $96,000. Finally, Assetmark Inc. increased its stake in shares of Silgan by 197.5% in the first quarter. Assetmark Inc. now owns 4,567 shares of the industrial products company’s stock worth $135,000 after buying an additional 3,032 shares during the last quarter. 66.59% of the stock is currently owned by institutional investors and hedge funds.
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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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