Silgan (NYSE:SLGN) CEO Adam Greenlee Buys 7,000 Shares

Silgan Holdings Inc. (NYSE:SLGN) CEO Adam Greenlee acquired 7,000 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $38.19 per share, for a total transaction of $267,330.00. Following the acquisition, the chief executive officer owned 328,164 shares in the company, valued at $12,532,583.16. The trade was a 2.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Silgan Stock Up 0.6%

SLGN opened at $38.84 on Tuesday. The firm has a market cap of $4.16 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.50. The business has a 50 day moving average price of $43.42 and a 200 day moving average price of $49.46. Silgan Holdings Inc. has a twelve month low of $36.15 and a twelve month high of $58.14.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Analyst Ratings Changes

SLGN has been the subject of a number of recent analyst reports. Citigroup decreased their price target on shares of Silgan from $60.00 to $49.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company cut their price objective on Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Raymond James Financial set a $53.00 target price on Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. Finally, Zacks Research cut Silgan from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Silgan currently has an average rating of “Moderate Buy” and an average target price of $57.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in Silgan by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock worth $1,160,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Silgan by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 200 shares during the period. CX Institutional boosted its position in shares of Silgan by 26.2% during the 2nd quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 217 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Silgan by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock valued at $2,717,000 after acquiring an additional 223 shares during the period. Finally, Atria Investments Inc raised its position in Silgan by 3.9% in the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 232 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Company Profile

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.