Silgan (NYSE:SLGN) CAO Purchases $38,110.00 in Stock

by · The Cerbat Gem

Silgan Holdings Inc. (NYSE:SLGN – Get Free Report) CAO Kimberly Irene Ulmer purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the transaction, the chief accounting officer owned 105,321 shares of the company’s stock, valued at $4,013,783.31. This trade represents a 0.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Silgan Price Performance

NYSE SLGN traded down $0.08 on Monday, hitting $38.12. The company had a trading volume of 1,677,824 shares, compared to its average volume of 927,084. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56. The company’s fifty day moving average price is $42.79 and its 200-day moving average price is $49.14. The company has a market capitalization of $4.03 billion, a PE ratio of 12.97, a PEG ratio of 1.27 and a beta of 0.67. Silgan Holdings Inc. has a 12-month low of $36.15 and a 12-month high of $58.14.

Silgan (NYSE:SLGN – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.21 by $0.01. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. As a group, analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Silgan’s dividend payout ratio is presently 27.21%.

Wall Street Analyst Weigh In

SLGN has been the subject of several analyst reports. Truist Financial dropped their target price on Silgan from $62.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Raymond James Financial set a $53.00 price target on shares of Silgan and gave the company an “outperform” rating in a research report on Friday, October 17th. Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silgan in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.22.

Read Our Latest Analysis on SLGN

Institutional Trading of Silgan

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Silgan by 0.3% during the first quarter. Principal Financial Group Inc. now owns 186,827 shares of the industrial products company’s stock worth $9,551,000 after purchasing an additional 648 shares in the last quarter. M&T Bank Corp boosted its position in shares of Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 1,165 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Silgan by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 200 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Silgan by 27.3% in the 1st quarter. New York State Common Retirement Fund now owns 146,698 shares of the industrial products company’s stock valued at $7,499,000 after acquiring an additional 31,447 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock worth $1,160,000 after acquiring an additional 200 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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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