Stocks of Silgan Holdings Inc. (NYSE:SLGN) traded higher last session on Wall Street, down -2.51% to $53.30.
According to the data, Silgan Holdings Inc. (NYSE:SLGN) has 12 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. SLGN stock price is now 0.72% away from the 50-day moving average and 12.71% away from the 200-day moving average. The market capitalization of the company currently stands at $5.80B.
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A total of 4 analysts have issued a hold rating and 6 have given it a buy rating.
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, ALLOTT ANTHONY J, Director sold 50,972 shares of the company’s stock on Feb 09. The stock was sold for $2,756,515 at an average price of $54.08. Upon completion of the transaction, the Director now directly owns 709,501 shares in the company, valued at $37.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 08, Director ALLOTT ANTHONY J sold 16,510 shares of the business’s stock. A total of $896,574 was realized by selling the stock at an average price of $54.30. This leaves the insider owning 760,473 shares of the company worth $40.53 million. Insiders disposed of 55,990 shares of company stock worth roughly $2.98 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 RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $9,758,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $3,739,000 in shares of SLGN during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Silgan Holdings Inc. valued at approximately $3,092,000. PARALEL ADVISORS LLC acquired a new stake in SLGN for approximately $2,041,000. CITADEL ADVISORS LLC purchased a new stake in SLGN valued at around $2,000,000 in the second quarter. In total, there are 368 active investors with 71.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $54.50 for Silgan Holdings Inc. (NYSE: SLGN). During the past 12 months, Silgan Holdings Inc. has had a low of $38.59 and a high of $55.41. As of last week, the company has a debt-to-equity ratio of 1.99, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for SLGN is $52.92 and a two-hundred day moving average price translates $47.29 for the stock.
The latest earnings results from Silgan Holdings Inc. (NYSE: SLGN) was released for Dec, 2022. According to the Packaging & Containers Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.82 by 0.02. This compares to $0.76 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 20.40% for SLGN. The company reported revenue of $1.46 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.12 percent. For the current quarter, analysts expect SLGN to generate $1.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/17/2023 were paid a $0.18 dividend. On an annualized basis, this represents a $0.72 dividend and a 1.35% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend. In terms of dividend payout ratio, SLGN is presently at 20.70%.
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.
