Silgan Holdings Inc. (NYSE: SLGN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

SLGN belongs to the Consumer Cyclical sector of the NYSE while operating in the Packaging & Containers industry. The current market capitalization of Silgan Holdings Inc. is $5.11B. A total of 0.52 million shares were traded on the day, compared to an average of 622.87K shares.

In the most recent transaction, LEWIS ROBERT B sold 30,000 shares of SLGN for 47.08 per share on May 10 ’24. After the transaction, the EVP, Corp. Dev. & Admin. now owns 172,133 company shares. In a previous transaction on May 10 ’24, MARTIN JAY A sold 4,228 shares at 47.13 per share. SLGN shares that Senior Vice President owns now total 144,161.

Among the insiders who sold shares, MARTIN JAY A disposed of 17,600 shares on May 09 ’24 at a per-share price of $46.77. This resulted in the Senior Vice President holding 148,389 shares of SLGN after the transaction. In another insider transaction, MARTIN JAY A sold 21,330 shares at $46.73 per share on May 08 ’24. Company shares held by the Senior Vice President now total 165,989.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Silgan Holdings Inc. pays an annual dividend of $0.73, resulting in a dividend yield of 1.53%, and it has a price to earnings (P/E) ratio of 16.79. SLGN’s most recent ex-dividend date was 6/3/2024 when it declared a $0.19 quarterly dividend that was paid in cash on 6/17/2024. Previously, the company paid the dividend on 3/28/2024 with an ex-dividend date of 3/13/2024. The SLGN stock dividend was $0.19 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SLGN has a high of $49.72 and a low of $38.11.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SLGN’s latest balance sheet shows that the firm has $631.44M in Cash & Short Term Investments as of fiscal 2021. There were $3.79B in debt and $1.51B in liabilities at the time. Its Book Value Per Share was $17.79, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLGN is Buy with a score of 4.20.

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