Silgan Holdings Inc. (NASDAQ:SLGN) declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Thursday, December 1st will be given a dividend of 0.17 per share on Thursday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, November 29th.
Silgan Holdings (NASDAQ:SLGN) opened at 50.24 on Monday. Silgan Holdings has a 52-week low of $47.16 and a 52-week high of $55.90. The firm has a market capitalization of $3.03 billion, a P/E ratio of 19.57 and a beta of 0.60. The firm has a 50-day moving average price of $50.19 and a 200 day moving average price of $50.12.
Silgan Holdings (NASDAQ:SLGN) last posted its earnings results on Wednesday, October 26th. The company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by $0.02. The firm earned $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Silgan Holdings had a net margin of 4.30% and a return on equity of 24.33%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Analysts forecast that Silgan Holdings will post $2.76 EPS for the current year.
In other news, Director D Greg Horrigan sold 434,374 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $50.75, for a total value of $22,044,480.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anthony J. Allott sold 33,875 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $50.75, for a total value of $1,719,156.25. The disclosure for this sale can be found here. Corporate insiders own 32.94% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in Silgan Holdings during the second quarter worth approximately $129,000. Sei Investments Co. increased its position in Silgan Holdings by 127.2% in the second quarter. Sei Investments Co. now owns 3,729 shares of the company’s stock worth $192,000 after buying an additional 2,088 shares during the period. US Bancorp DE increased its position in Silgan Holdings by 7.2% in the second quarter. US Bancorp DE now owns 4,538 shares of the company’s stock worth $233,000 after buying an additional 304 shares during the period. Advantus Capital Management Inc increased its position in Silgan Holdings by 2.0% in the third quarter. Advantus Capital Management Inc now owns 5,006 shares of the company’s stock worth $253,000 after buying an additional 100 shares during the period. Finally, BOKF NA purchased a new position in Silgan Holdings during the second quarter worth approximately $293,000. Institutional investors own 69.90% of the company’s stock.
A number of analysts recently commented on SLGN shares. Zacks Investment Research raised Silgan Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Citigroup Inc. decreased their price objective on Silgan Holdings from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. started coverage on Silgan Holdings in a research note on Tuesday, September 13th. They set a “neutral” rating and a $51.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.63.
About Silgan Holdings