2 weeks Ago By ABMN Staff
Silgan ( NYSE:SLGN – Free Report ) had its price target lowered by Truist Financial from $70.00 to $62.00 in a research note published on Tuesday, Benzinga reports.
The firm currently has a buy rating on the industrial products company’s stock. A number of other research analysts have also recently commented on SLGN. Robert W.
Baird upped their price target on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.
Raymond James upgraded Silgan from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $65.00 to $60.00 in a report on Tuesday.
Royal Bank of Canada boosted their price target on shares of Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.
Bank of America raised their price objective on shares of Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, January 6th.
Finally, Loop Capital upped their target price on shares of Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th.
Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.78.
Read Our Latest Research Report on Silgan Silgan Stock Performance Silgan ( NYSE:SLGN – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
82 by $0.03. Silgan had a net margin of 4.
72% and a return on equity of 19.70%. Equities analysts forecast that Silgan will post 4.
11 earnings per share for the current year. Silgan Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.
20 per share. This is a boost from Silgan’s previous quarterly dividend of $0.19.
This represents a $0.80 annualized dividend and a dividend yield of 1.55%.
The ex-dividend date of this dividend was Monday, March 17th. Silgan’s dividend payout ratio is currently 31.01%.
Insider Activity In other Silgan news, EVP Robert B. Lewis sold 20,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.
22, for a total value of $1,064,400.00. Following the completion of the transaction, the executive vice president now owns 152,133 shares in the company, valued at $8,096,518.
26. This represents a 11.62 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CEO Adam J. Greenlee sold 125,000 shares of Silgan stock in a transaction dated Monday, February 24th.
The stock was sold at an average price of $54.73, for a total value of $6,841,250.00.
Following the sale, the chief executive officer now owns 227,332 shares in the company, valued at $12,441,880.36. This trade represents a 35.
48 % decrease in their position. The disclosure for this sale can be found here . Company insiders own 1.
39% of the company’s stock. Hedge Funds Weigh In On Silgan A number of institutional investors have recently modified their holdings of the business. CX Institutional purchased a new position in Silgan during the 1st quarter worth $42,000.
UMB Bank n.a. boosted its stake in shares of Silgan by 254.
9% during the first quarter. UMB Bank n.a.
now owns 898 shares of the industrial products company’s stock worth $46,000 after buying an additional 645 shares during the period. Mirae Asset Global Investments Co. Ltd.
purchased a new position in shares of Silgan during the first quarter worth about $51,000. GeoWealth Management LLC acquired a new position in Silgan in the 4th quarter valued at about $56,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Silgan during the 4th quarter valued at approximately $59,000.
70.25% of the stock is 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. See Also Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.
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