Silgan Holdings Inc. (NYSE:SLGN) EVP Robert B. Lewis Sells 20,000 Shares

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 152,133 shares of the company's stock, valued at $8,096,518.26. This represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Silgan Stock Up 1.0 %

Shares of NYSE:SLGN traded up $0.55 during trading on Tuesday, hitting $54.23. The stock had a trading volume of 133,013 shares, compared to its average volume of 641,354. Silgan Holdings Inc. has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $5.79 billion, a PE ratio of 21.00, a PEG ratio of 1.24 and a beta of 0.71. The firm's fifty day moving average is $52.98 and its 200 day moving average is $52.43.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.70% and a net margin of 4.72%. Analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SLGN has been the subject of several research analyst reports. Bank of America increased their price objective on Silgan from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Silgan from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Loop Capital increased their price objective on Silgan from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Robert W. Baird increased their price objective on Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price objective on Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.22.

Institutional Trading of Silgan

A number of institutional investors and hedge funds have recently modified their holdings of SLGN. FMR LLC increased its holdings in shares of Silgan by 87.7% in the 3rd quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock worth $329,619,000 after purchasing an additional 2,932,680 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Silgan by 764.7% in the 4th quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after buying an additional 895,528 shares during the last quarter. Norges Bank purchased a new position in shares of Silgan in the 4th quarter worth $38,680,000. JPMorgan Chase & Co. boosted its stake in shares of Silgan by 12.8% in the 4th quarter. JPMorgan Chase & Co. now owns 5,795,781 shares of the industrial products company's stock worth $301,670,000 after buying an additional 656,923 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Silgan by 87.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company's stock worth $65,257,000 after buying an additional 584,840 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

About Silgan

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.