5 hours Ago By Defense World Staff
Silgan ( NYSE:SLGN – Free Report ) had its target price increased by Wells Fargo & Company from $58.00 to $63.00 in a research report released on Thursday morning, Benzinga reports.
The brokerage currently has an overweight rating on the industrial products company’s stock. A number of other equities research analysts also recently commented on SLGN. StockNews.
com downgraded Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of Silgan from $58.00 to $63.
00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Truist Financial upped their price target on shares of Silgan from $63.00 to $69.
00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Bank of America boosted their target price on shares of Silgan from $60.00 to $61.
00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.
com, Silgan has a consensus rating of “Moderate Buy” and an average price target of $64.22. Check Out Our Latest Stock Analysis on Silgan Silgan Trading Down 1.
9 % Silgan ( NYSE:SLGN – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.
82 by $0.03. Silgan had a return on equity of 19.
77% and a net margin of 4.72%. On average, sell-side analysts anticipate that Silgan will post 4.
09 earnings per share for the current fiscal year. Silgan Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.
19 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.
76 annualized dividend and a yield of 1.38%. Silgan’s dividend payout ratio (DPR) is 29.
46%. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in Silgan during the 4th quarter valued at $59,000.
Venturi Wealth Management LLC increased its position in shares of Silgan by 153.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,545 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 2,145 shares in the last quarter.
Sanctuary Advisors LLC boosted its position in shares of Silgan by 7.4% in the 4th quarter. Sanctuary Advisors LLC now owns 7,715 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 533 shares in the last quarter.
Rhumbline Advisers grew its stake in Silgan by 0.8% during the 4th quarter. Rhumbline Advisers now owns 295,709 shares of the industrial products company’s stock worth $15,392,000 after buying an additional 2,463 shares during the last quarter.
Finally, Legato Capital Management LLC raised its stake in Silgan by 37.2% in the fourth quarter. Legato Capital Management LLC now owns 38,413 shares of the industrial products company’s stock valued at $1,999,000 after buying an additional 10,420 shares during the last quarter.
Institutional investors own 70.25% of the company’s stock. About Silgan ( Get Free Report ) 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. See Also Five stocks we like better than Silgan What Are the FAANG Stocks and Are They Good Investments? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains What is the Nasdaq? Complete Overview with History Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead Why Invest in High-Yield Dividend Stocks? Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.
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