Latest Stocks: Silgan Holdings Inc. (SLGN) VP Sells $199,545.12 in Stock

Latest Stocks: Silgan Holdings Inc. (SLGN) VP Sells $199,545.12 in Stock

Silgan Holdings Inc. (NASDAQ:SLGN) VP B Frederik Prinzen sold 3,204 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $62.28, for a total value of $199,545.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silgan Holdings Inc. (SLGN) opened at 31.66 on Tuesday. The stock has a 50 day moving average price of $57.14 and a 200-day moving average price of $56.43. Silgan Holdings Inc. has a 1-year low of $31.13 and a 1-year high of $64.98. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 24.85 and a beta of 0.57.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Silgan Holdings had a return on equity of 25.75% and a net margin of 4.25%. The firm had revenue of $805.40 million during the quarter, compared to analyst estimates of $795.58 million. During the same quarter in the previous year, the business earned $0.23 EPS. Silgan Holdings’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Silgan Holdings Inc. will post $1.66 EPS for the current year. The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.09 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. Silgan Holdings’s dividend payout ratio is presently 26.67%.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Silgan Holdings had a return on equity of 25.75% and a net margin of 4.25%. The firm had revenue of $805.40 million during the quarter, compared to analyst estimates of $795.58 million. During the same quarter in the previous year, the business earned $0.23 EPS. Silgan Holdings’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Silgan Holdings Inc. will post $1.66 EPS for the current year. Several institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of Silgan Holdings by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $564,000 after buying an additional 200 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Silgan Holdings by 3.2% in the third quarter. Ameriprise Financial Inc. now owns 107,239 shares of the industrial products company’s stock valued at $5,426,000 after buying an additional 3,286 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Silgan Holdings by 5.0% in the third quarter. BlackRock Fund Advisors now owns 1,548,167 shares of the industrial products company’s stock valued at $78,322,000 after buying an additional 74,205 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Silgan Holdings during the third quarter valued at $22,910,000. Finally, Aberdeen Asset Management PLC UK raised its position in shares of Silgan Holdings by 37.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 584,897 shares of the industrial products company’s stock valued at $29,935,000 after buying an additional 160,864 shares in the last quarter. Hedge funds and other institutional investors own 74.27% of the company’s stock.

A number of analysts have commented on SLGN shares. Barclays PLC upped their price target on Silgan Holdings from $27.00 to $27.50 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. BMO Capital Markets restated a “buy” rating and issued a $32.50 price target on shares of Silgan Holdings in a research report on Monday, March 27th. Zacks Investment Research cut Silgan Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, April 6th. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded Silgan Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $28.75. About Silgan Holdings

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