Silgan Holdings Inc. (NYSE:SLGN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Silgan Holdings Inc. (NYSE:SLGNGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $53.00.

Separately, Wells Fargo & Company decreased their target price on shares of Silgan from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd.

Check Out Our Latest Report on Silgan

Silgan Stock Performance

Silgan stock opened at $45.94 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.62 and a current ratio of 1.04. Silgan has a fifty-two week low of $38.11 and a fifty-two week high of $49.72. The stock has a fifty day moving average of $47.08 and a two-hundred day moving average of $45.15. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.55 and a beta of 0.69.

Silgan (NYSE:SLGNGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Silgan had a return on equity of 19.26% and a net margin of 5.25%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts anticipate that Silgan will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.65%. Silgan’s dividend payout ratio (DPR) is presently 26.67%.

Insider Activity

In other Silgan news, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.84, for a total transaction of $195,809.12. Following the completion of the sale, the vice president now directly owns 4,520 shares in the company, valued at $216,236.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jay A. Martin sold 21,330 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $46.73, for a total value of $996,750.90. Following the transaction, the senior vice president now owns 165,989 shares of the company’s stock, valued at approximately $7,756,665.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.84, for a total transaction of $195,809.12. Following the sale, the vice president now directly owns 4,520 shares of the company’s stock, valued at $216,236.80. The disclosure for this sale can be found here. Insiders sold 59,651 shares of company stock valued at $2,804,226 in the last ninety days. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in shares of Silgan during the fourth quarter valued at approximately $30,000. Quent Capital LLC boosted its position in Silgan by 94.9% in the 4th quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock valued at $47,000 after buying an additional 505 shares during the last quarter. Covestor Ltd grew its stake in shares of Silgan by 69.7% during the first quarter. Covestor Ltd now owns 1,125 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 462 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Silgan during the third quarter worth about $70,000. Finally, Blue Trust Inc. lifted its stake in shares of Silgan by 4,440.4% in the fourth quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 2,087 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Company Profile

(Get Free Report

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.

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Analyst Recommendations for Silgan (NYSE:SLGN)

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