Insider Selling: Silgan Holdings Inc. (SLGN) Director Sells 28,600 Shares of Stock

Silgan Holdings Inc. (NASDAQ:SLGN) Director D Greg Horrigan sold 28,600 shares of Silgan stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.61, for a total value of $818,246.00. Following the completion of the transaction, the director now directly owns 7,826,790 shares in the company, valued at approximately $223,924,461.90. The sale was disclosed in a document filed with the SEC, which is available at this link.

D Greg Horrigan also recently made the following trade(s):

  • On Friday, February 16th, D Greg Horrigan sold 69,121 shares of Silgan stock. The stock was sold at an average price of $28.69, for a total value of $1,983,081.49.
  • On Tuesday, February 13th, D Greg Horrigan sold 355,934 shares of Silgan stock. The stock was sold at an average price of $28.01, for a total value of $9,969,711.34.

Silgan Holdings Inc. (SLGN) traded up $0.08 during trading hours on Friday, reaching $28.52. The company’s stock had a trading volume of 540,500 shares, compared to its average volume of 646,696. The company has a current ratio of 0.38, a quick ratio of 0.17 and a debt-to-equity ratio of 3.96. Silgan Holdings Inc. has a 52 week low of $27.21 and a 52 week high of $32.50. The stock has a market cap of $3,139.00, a PE ratio of 11.79, a PEG ratio of 1.36 and a beta of 0.49.

Silgan (NASDAQ:SLGN) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share for the quarter, meeting 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 company had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $970.24 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. sell-side analysts forecast that Silgan Holdings Inc. will post 2.09 EPS for the current year.

A number of equities analysts recently weighed in on SLGN shares. Bank of America cut Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. KeyCorp reissued a “hold” rating on shares of Silgan in a research note on Sunday, October 29th. Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Silgan in a research note on Friday, October 27th. Zacks Investment Research raised Silgan from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, December 26th. Finally, JPMorgan Chase & Co. cut Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.20.

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in Silgan by 162.3% during the 4th quarter. Assetmark Inc. now owns 4,320 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 2,673 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Silgan during the 4th quarter valued at about $158,000. Cubist Systematic Strategies LLC purchased a new position in Silgan during the 3rd quarter valued at about $167,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Silgan in the 4th quarter valued at approximately $199,000. Finally, Breton Hill Capital Ltd. bought a new stake in shares of Silgan in the 3rd quarter valued at approximately $218,000. 66.64% of the stock is currently owned by institutional investors.

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Silgan Company Profile

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.

Insider Buying and Selling by Quarter for Silgan (NASDAQ:SLGN)

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