Silgan Holdings Inc. (NYSE:SLGN) EVP Sells $1,064,400.00 in Stock

Silgan Holdings Inc. (NYSE:SLGN) EVP Robert B. Lewis sold 20,000 shares of Silgan stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the sale, the executive vice president now owns 152,133 shares in the company, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silgan Trading Up 1.0 %

Shares of NYSE SLGN opened at $53.71 on Monday. The company’s 50 day simple moving average is $53.02 and its 200 day simple moving average is $52.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.28. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The firm has a market capitalization of $5.74 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.24 and a beta of 0.71.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. On average, analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SLGN. JPMorgan Chase & Co. upped their target price on shares of Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada increased their target price on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Bank of America lifted their price objective on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Truist Financial restated a “buy” rating and issued a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.22.

Institutional Trading of Silgan

A number of hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock worth $329,619,000 after purchasing an additional 2,932,680 shares during the period. Norges Bank bought a new stake in shares of Silgan in the 4th quarter valued at $38,680,000. JPMorgan Chase & Co. raised its stake in Silgan by 12.8% during the 4th quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company’s stock worth $301,670,000 after buying an additional 656,923 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Silgan by 87.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company’s stock valued at $65,257,000 after acquiring an additional 584,840 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Silgan by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 8,931,526 shares of the industrial products company’s stock worth $464,886,000 after acquiring an additional 455,381 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.