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Silgan Holdings Inc. (NASDAQ: SLGN – Get a rating) Chief Financial Officer Robert B. Lewis sold 3,918 shares in a trade dated Friday, August 26. The stock was sold at an average price of $47.43, for a total value of $185,830.74. Following the transaction, the CFO now directly owns 236,177 shares of the company, valued at approximately $11,201,875.11. The transaction was disclosed in an SEC filing, available at this link.
Silgan is trading down 1.1%
SLGN was down $0.53 during midday trading on Tuesday, hitting $46.13. 444,613 shares were traded, against an average volume of 517,861. The company’s fifty-day moving average is $43.00 and its two-hundred-day moving average is $43.66. Silgan Holdings Inc. has a 1-year low of $37.10 and a 1-year high of $47.71. The company has a current ratio of 1.30, a quick ratio of 0.66 and a debt ratio of 2.07. The company has a market capitalization of $5.11 billion, a PE ratio of 14.10, a PEG ratio of 2.34 and a beta of 0.77.
Silgan (NASDAQ:SLGN – Get a rating) last reported results on Wednesday, July 27. The industrial products company reported earnings per share (EPS) of $1.08 for the quarter, beating the consensus estimate of $0.96 by $0.12. Silgan had a return on equity of 26.03% and a net margin of 6.07%. The company posted revenue of $1.54 billion for the quarter, compared to analysts’ estimates of $1.57 billion. In the same quarter of the previous year, the company achieved EPS of $0.85. Silgan’s revenue increased 14.5% year over year. Stock analysts expect Silgan Holdings Inc. to post earnings per share of 3.99 for the current fiscal year.
Silgan dividend announcement
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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.16. This represents a dividend of $0.64 on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, August 31. Silgan’s dividend payout ratio is currently 19.34%.
Institutional investors weigh in on Silgan
A number of hedge funds have been buying and selling stocks recently. Quadrant Capital Group LLC increased its position in Silgan by 58.8% in Q2. Quadrant Capital Group LLC now owns 629 shares of the industrial products company valued at $26,000 after buying 233 additional shares in the last quarter. Captrust Financial Advisors increased its position in Silgan by 13.9% in Q2. Captrust Financial Advisors now owns 2,158 shares of the industrial products company valued at $89,000 after buying 263 more shares last quarter. Quent Capital LLC increased its position in Silgan by 110.6% in Q1. Quent Capital LLC now owns 537 shares of the industrial products company valued at $25,000 after purchasing an additional 282 shares last quarter. Exchange Traded Concepts LLC increased its position in Silgan by 2.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 13,649 shares of the industrial products company valued at $564,000 after buying 312 additional shares last quarter. Finally, Louisiana State Employees Retirement System increased its position in Silgan shares by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the industrial products company worth $1,015,000 after acquiring 400 additional shares in the last quarter. Institutional investors and hedge funds hold 68.21% of the company’s shares.
About Silgan
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods in North America, Europe and internationally. It operates through three segments: specialty distribution and closures, metal containers and custom containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato products, adult nutritional drinks, fruits and other miscellaneous foodstuffs, as well as general purpose metal containers primarily for chemicals.
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