Silgan Holdings Inc. (SLGN) Director Sells $9,969,711.34 in Stock
Silgan Holdings Inc. (NASDAQ:SLGN) Director D Greg Horrigan sold 355,934 shares of Silgan stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $28.01, for a total value of $9,969,711.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Silgan Holdings Inc. (NASDAQ:SLGN) traded up $0.17 during trading on Wednesday, reaching $28.14. The company had a trading volume of 438,886 shares, compared to its average volume of 687,635. Silgan Holdings Inc. has a twelve month low of $27.21 and a twelve month 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 stock has a market capitalization of $3,089.34, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49.
Silgan (NASDAQ:SLGN) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The business had revenue of $995.70 million during the quarter, compared to analysts’ expectations of $970.24 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 23.6% on a year-over-year basis. equities research analysts predict that Silgan Holdings Inc. will post 2.09 EPS for the current year.
Several equities analysts have recently weighed in on the company. KeyCorp reiterated a “sell” rating and issued a $25.00 price target on shares of Silgan in a research report on Thursday, February 1st. Barclays upgraded Silgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $35.00 in a research report on Monday. Zacks Investment Research upgraded Silgan from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. cut Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price target for the company. in a research report on Wednesday, January 17th. Finally, Bank of America cut Silgan from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Five 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’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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