Silgan Holdings Inc. (NYSE:SLGN) shares traded 0.51% higher at $51.08 on Wall Street last session.
In accordance with the data, 13 analysts cover Silgan Holdings Inc. (NYSE:SLGN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $64.00 and a low of $43.00, we find $57.00. Given the previous closing price of $50.82, this indicates a potential upside of 12.16 percent. SLGN stock price is now -1.53% away from the 50-day moving average and 10.98% away from the 200-day moving average. The market capitalization of the company currently stands at $5.59B.
It has been rated a hold by 4 analysts and a buy by 7. Brokers who have rated the stock have averaged $55.58 as their price target over the next twelve months.
With the price target maintained at $64, Truist recently Upgraded its rating from Hold to Buy for Silgan Holdings Inc. (NYSE: SLGN). On November 24, 2021, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $47, while ‘Loop Capital’ rates the stock as ‘Buy’.
In other news, LEWIS ROBERT B, Executive VP and CFO sold 7,500 shares of the company’s stock on Nov 22. The stock was sold for $389,438 at an average price of $51.93. Upon completion of the transaction, the Executive VP and CFO now directly owns 217,595 shares in the company, valued at $11.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, Executive VP and CFO LEWIS ROBERT B sold 11,082 shares of the business’s stock. A total of $518,084 was realized by selling the stock at an average price of $46.75. This leaves the insider owning 225,095 shares of the company worth $11.5 million. Insiders disposed of 354,303 shares of company stock worth roughly $18.1 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLGN stock. A new stake in Silgan Holdings Inc. shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $144,812,000. CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM invested $5,670,000 in shares of SLGN during the first quarter. In the first quarter, ROBECO SCHWEIZ AG acquired a new stake in Silgan Holdings Inc. valued at approximately $4,086,000. CRESTLINE MANAGEMENT, LP acquired a new stake in SLGN for approximately $3,984,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in SLGN valued at around $2,963,000 in the second quarter. In total, there are 378 active investors with 71.10% ownership of the company’s stock.
Silgan Holdings Inc. (NYSE: SLGN) opened at $51.07 on Friday. During the past 12 months, Silgan Holdings Inc. has had a low of $38.59 and a high of $54.59. As of last week, the company has a debt-to-equity ratio of 2.27, a current ratio of 1.40, and a quick ratio of 0.90. The fifty day moving average price for SLGN is $51.93 and a two-hundred day moving average price translates $46.05 for the stock.
The latest earnings results from Silgan Holdings Inc. (NYSE: SLGN) was released for Sep, 2022. According to the Packaging & Containers Company, earnings per share came in at $1.27, beating analysts’ expectations of $1.22 by 0.05. This compares to $0.96 EPS in the same period last year. The net profit margin was 6.30% and return on equity was 24.60% for SLGN. The company reported revenue of $1.97 billion for the quarter, compared to $1.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.34 percent. For the current quarter, analysts expect SLGN to generate $1.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/01/2022 were paid a $0.16 dividend. On an annualized basis, this represents a $0.64 dividend and a 1.25% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, SLGN is presently at 17.10%.
Silgan Holdings Inc.(SLGN) Company Profile
Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom 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. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for use in food, beverage, health care, garden, home, personal care, and beauty products, as well as capping/sealing equipment and detection systems. The Custom Containers segment manufactures and sells custom designed and stock plastic containers for use in personal care and health care; food and beverage; household and industrial chemical; pharmaceutical; pet food and care; agricultural; automotive; and marine chemical products. This segment also provides plastic thermoformed barrier and non-barrier bowls, and trays for food products, such as soups, other ready-to-eat meals, and pet food products; and plastic closures, caps, sifters, and fitments, as well as thermoformed tubs for food, household, and personal care products, including soft fabric wipes. The company markets its products primarily through direct sales force, as well as through a network of distributors and an online shopping catalog. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.