Silgan Holdings Inc. (NASDAQ:SLGN) Given Consensus Rating of “Hold” by Analysts

Silgan Holdings Inc. (NASDAQ:SLGN) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.25.

SLGN has been the topic of a number of research analyst reports. BidaskClub upgraded Silgan from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research downgraded Silgan from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Silgan in a research report on Wednesday, April 24th.

In other Silgan news, VP Robert B. Lewis sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $30.01, for a total transaction of $2,250,750.00. Following the sale, the vice president now directly owns 252,117 shares in the company, valued at $7,566,031.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Anthony P. Andreacchi sold 3,692 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $30.23, for a total value of $111,609.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 259,334 shares of company stock worth $7,772,706. Company insiders own 30.32% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in Silgan during the first quarter valued at approximately $190,000. Clearbridge Investments LLC raised its position in Silgan by 3.0% during the first quarter. Clearbridge Investments LLC now owns 589,413 shares of the industrial products company’s stock valued at $17,464,000 after purchasing an additional 17,380 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Silgan during the first quarter valued at approximately $8,471,000. Kennedy Capital Management Inc. raised its holdings in shares of Silgan by 4.4% in the first quarter. Kennedy Capital Management Inc. now owns 193,600 shares of the industrial products company’s stock worth $5,736,000 after buying an additional 8,125 shares during the period. Finally, MainStreet Investment Advisors LLC raised its holdings in shares of Silgan by 8.6% in the first quarter. MainStreet Investment Advisors LLC now owns 18,718 shares of the industrial products company’s stock worth $554,000 after buying an additional 1,477 shares during the period. Institutional investors and hedge funds own 65.75% of the company’s stock.

NASDAQ:SLGN opened at $30.60 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.15 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $3.40 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.76 and a beta of 0.80. Silgan has a 12 month low of $22.24 and a 12 month high of $30.90. The stock has a 50-day moving average price of $29.79.

Silgan (NASDAQ:SLGN) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Silgan had a return on equity of 26.74% and a net margin of 5.04%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Equities research analysts predict that Silgan will post 2.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a yield of 1.44%. Silgan’s dividend payout ratio (DPR) is presently 21.15%.

Silgan Company Profile

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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Analyst Recommendations for Silgan (NASDAQ:SLGN)

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