Insider Selling: Adam J. Greenlee Sells 39,328 Shares of Silgan Holdings Stock (SLGN)
Silgan Holdings (NASDAQ:SLGN) COO Adam J. Greenlee sold 39,328 shares of Silgan Holdings stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $50.02, for a total transaction of $1,967,186.56. Following the completion of the sale, the chief operating officer now directly owns 87,151 shares in the company, valued at approximately $4,359,293. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Silgan Holdings (NASDAQ:SLGN) traded down 0.10% on Thursday, hitting $50.28. The stock had a trading volume of 106,553 shares. Silgan Holdings has a 52 week low of $43.77 and a 52 week high of $51.86. The stock has a 50-day moving average of $50.26 and a 200-day moving average of $49.4. The company has a market cap of $3.188 billion and a P/E ratio of 18.28.
Silgan Holdings (NASDAQ:SLGN) last released its earnings data on Wednesday, July 23rd. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.06. The company had revenue of $917.30 million for the quarter, compared to the consensus estimate of $934.11 million. During the same quarter last year, the company posted $0.63 earnings per share. Silgan Holdings’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Silgan Holdings will post $3.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 29th.
SLGN has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Wednesday, July 30th. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Friday, July 25th. They now have a $53.00 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock, up previously from $51.00. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $50.50.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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