Silgan Holdings Inc (NYSE: SLGN) is 7.88% higher on its value in year-to-date trading and has touched a low of $41.14 and a high of $58.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLGN stock was last observed hovering at around $55.78 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $56.15, the stock is 7.17% and 4.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.66% at the moment leaves the stock 12.68% off its SMA200. SLGN registered 28.96% gain for a year compared to 6-month gain of 15.20%. The firm has a 50-day simple moving average (SMA 50) of $53.7594 and a 200-day simple moving average (SMA200) of $49.7866.
The stock witnessed a 6.85% loss in the last 1 month and extending the period to 3 months gives it a 9.75%, and is 6.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.07% over the week and 1.75% over the month.
Silgan Holdings Inc (SLGN) has around 14520 employees, a market worth around $6.00B and $5.85B in sales. Current P/E ratio is 21.76 and Fwd P/E is 12.54. Profit margin for the company is 4.72%. Distance from 52-week low is 36.49% and -3.42% from its 52-week high. The company has generated returns on investments over the last 12 months (4.51%).
with sales reaching $1.47B over the same period.The EPS is expected to grow by 13.68% this year, but quarterly earnings will post 9.79% year-over-year. Quarterly sales are estimated to grow 11.99% in year-over-year returns.
455.0 institutions hold shares in Silgan Holdings Inc (SLGN), with institutional investors hold 132.29% of the company’s shares. The shares outstanding are 106.80M, and float is at 84.31M with Short Float at 3.70%. Institutions hold 74.40% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.48 million shares valued at $358.96 million. The investor’s holdings represent 7.9516 of the SLGN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.04 million shares valued at $297.84 million to account for 6.5977 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 6.38 million shares representing 5.9737 and valued at over $270.15 million, while FMR LLC holds 3.1373 of the shares totaling 3.35 million with a market value of $141.63 million.
Silgan Holdings Inc (SLGN) Insider Activity
The most recent transaction is an insider sale by ALLOTT ANTHONY J, the company’s Director. SEC filings show that ALLOTT ANTHONY J sold 98,394 shares of the company’s common stock on Nov 18 ’24 at a price of $53.91 per share for a total of $5.3 million. Following the sale, the insider now owns 0.46 million shares.
Still, SEC filings show that on Aug 05 ’24, McGrath Stacey J. (Vice President, Tax) disposed off 1,600 shares at an average price of $49.04 for $78457.0. The insider now directly holds 11,495 shares of Silgan Holdings Inc (SLGN).
