Silgan Holdings Inc. (NASDAQ:SLGN) CFO Sells $761,000.00 in Stock

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Silgan Holdings Inc. (NASDAQ:SLGN) CFO Robert B. Lewis sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $38.05, for a total value of $761,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert B. Lewis also recently made the following trade(s):

  • On Tuesday, May 26th, Robert B. Lewis sold 10,000 shares of Silgan stock. The shares were sold at an average price of $33.00, for a total value of $330,000.00.
  • On Tuesday, May 19th, Robert B. Lewis sold 2,532 shares of Silgan stock. The shares were sold at an average price of $33.30, for a total value of $84,315.60.

Shares of NASDAQ:SLGN opened at $38.25 on Friday. The company has a market capitalization of $4.24 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.76 and a beta of 0.67. Silgan Holdings Inc. has a 1 year low of $24.65 and a 1 year high of $38.99. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.41 and a quick ratio of 0.23. The business’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $31.92.

Silgan (NASDAQ:SLGN) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.21. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 billion. Silgan had a return on equity of 27.83% and a net margin of 5.50%. On average, sell-side analysts anticipate that Silgan Holdings Inc. will post 2.78 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Strs Ohio lifted its stake in Silgan by 124.7% during the second quarter. Strs Ohio now owns 51,800 shares of the industrial products company’s stock worth $1,677,000 after purchasing an additional 28,742 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Silgan by 8.5% during the first quarter. Parametric Portfolio Associates LLC now owns 664,641 shares of the industrial products company’s stock worth $19,288,000 after purchasing an additional 51,911 shares during the last quarter. Legal & General Group Plc lifted its stake in Silgan by 2.5% during the first quarter. Legal & General Group Plc now owns 143,676 shares of the industrial products company’s stock worth $4,169,000 after purchasing an additional 3,568 shares during the last quarter. Deutsche Bank AG lifted its stake in Silgan by 13.8% during the first quarter. Deutsche Bank AG now owns 42,726 shares of the industrial products company’s stock worth $1,239,000 after purchasing an additional 5,178 shares during the last quarter. Finally, State Street Corp lifted its stake in Silgan by 0.9% during the first quarter. State Street Corp now owns 2,018,605 shares of the industrial products company’s stock worth $58,580,000 after purchasing an additional 17,760 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

SLGN has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Silgan from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Deutsche Bank upped their target price on Silgan from $31.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. BidaskClub raised Silgan from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. ValuEngine downgraded Silgan from a “hold” rating to a “sell” rating in a research report on Monday, June 1st. Finally, Zacks Investment Research downgraded Silgan from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.00.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic 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.

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