Silgan Holdings Inc. (NASDAQ:SLGN) insider Thomas James Snyder sold 10,506 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $30.78, for a total value of $323,374.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Silgan Holdings Inc. (NASDAQ:SLGN) traded up 0.20% on Wednesday, reaching $30.82. The company’s stock had a trading volume of 520,819 shares. Silgan Holdings Inc. has a 1-year low of $23.58 and a 1-year high of $32.50. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 24.48 and a beta of 0.54. The stock has a 50-day moving average price of $31.32 and a 200-day moving average price of $48.79.

Silgan Holdings (NASDAQ:SLGN) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Silgan Holdings Inc. will post $1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. Silgan Holdings’s dividend payout ratio (DPR) is currently 29.03%.

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Several hedge funds and other institutional investors have recently made changes to their positions in SLGN. Bank of Montreal Can increased its position in shares of Silgan Holdings by 89.3% in the second quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock valued at $124,000 after buying an additional 1,847 shares during the period. NN Investment Partners Holdings N.V. bought a new position in shares of Silgan Holdings during the second quarter valued at $127,000. Envestnet Asset Management Inc. increased its position in shares of Silgan Holdings by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,322 shares of the industrial products company’s stock valued at $139,000 after buying an additional 207 shares during the period. Victory Capital Management Inc. bought a new position in shares of Silgan Holdings during the second quarter valued at $140,000. Finally, Pacer Advisors Inc. increased its position in shares of Silgan Holdings by 1.0% in the first quarter. Pacer Advisors Inc. now owns 2,732 shares of the industrial products company’s stock valued at $162,000 after buying an additional 27 shares during the period. Institutional investors own 38.94% of the company’s stock.

SLGN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 target price (down previously from $60.00) on shares of Silgan Holdings in a report on Monday, June 5th. BidaskClub downgraded Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine raised Silgan Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 target price on shares of Silgan Holdings in a report on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.36.

Silgan Holdings Company Profile

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

Insider Buying and Selling by Quarter for Silgan Holdings (NASDAQ:SLGN)

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