Silgan Holdings Inc. (NASDAQ:SLGN) CFO Robert B. Lewis sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $38.05, for a total value of $761,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Robert B. Lewis also recently made the following trade(s):

  • On Tuesday, May 26th, Robert B. Lewis sold 10,000 shares of Silgan stock. The shares were sold at an average price of $33.00, for a total value of $330,000.00.
  • On Tuesday, May 19th, Robert B. Lewis sold 2,532 shares of Silgan stock. The shares were sold at an average price of $33.30, for a total value of $84,315.60.

Shares of NASDAQ:SLGN opened at $38.25 on Friday. The stock has a 50 day moving average of $33.52 and a 200 day moving average of $31.92. The company has a market cap of $4.24 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. The company has a current ratio of 0.41, a quick ratio of 0.23 and a debt-to-equity ratio of 2.13. Silgan Holdings Inc. has a 12-month low of $24.65 and a 12-month high of $38.99.

Silgan (NASDAQ:SLGN) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.12 billion. Silgan had a return on equity of 27.83% and a net margin of 5.50%. Equities research analysts predict that Silgan Holdings Inc. will post 2.84 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dupont Capital Management Corp lifted its holdings in Silgan by 96.0% in the 1st quarter. Dupont Capital Management Corp now owns 2,166 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 1,061 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Silgan by 4,669.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,814 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 2,755 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Silgan in the 1st quarter worth approximately $97,000. Pendal Group Ltd purchased a new position in Silgan in the 1st quarter worth approximately $132,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Silgan in the 1st quarter worth approximately $190,000. 65.51% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on SLGN shares. Deutsche Bank boosted their price target on Silgan from $31.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. KeyCorp restated a “hold” rating on shares of Silgan in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Silgan from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. ValuEngine downgraded Silgan from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Finally, Zacks Investment Research downgraded Silgan from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Friday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Silgan presently has a consensus rating of “Hold” and an average price target of $37.00.

Silgan Company Profile

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.

See Also: Cash Flow

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