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Adam J. Greenlee, the President and CEO of Silgan Holdings Inc. (NASDAQ:NYSE:SLGN), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Greenlee sold 125,000 shares of Silgan common stock on February 24, 2025. The shares were sold at an average price of $54.7261, resulting in a total transaction value of approximately $6.84 million. According to InvestingPro data, the stock is currently trading near its 52-week high of $58.14, with analysts setting price targets between $47 and $70.
This sale leaves Greenlee with 227,332 shares of Silgan stock, which includes 167,574 restricted stock units that have not yet vested. These units are set to convert to common stock on a 1-for-1 basis upon vesting, as part of the company’s equity compensation plans.
The shares were sold in multiple transactions, with prices ranging from $54.02 to $55.05. Greenlee has committed to providing detailed information on the specific sales prices if requested by the SEC, Silgan Holdings, or its shareholders.
Silgan Holdings, based in Stamford, Connecticut, is a leading supplier of metal containers and other packaging solutions. With a market capitalization of $5.83 billion and a P/E ratio of 21.12, the company has maintained dividend payments for 21 consecutive years. The company’s stock is traded under the ticker symbol SLGN on the NASDAQ exchange. Get comprehensive analysis and more exclusive insights about Silgan Holdings with InvestingPro, which offers detailed research reports covering 1,400+ top US stocks.
In other recent news, Silgan Holdings reported strong fourth-quarter 2024 earnings, with an earnings per share (EPS) of $0.85, surpassing the forecasted $0.83. The company’s revenue matched expectations, reaching $1.41 billion, marking a 5% increase year-over-year. Silgan also provided a positive outlook for 2025, projecting an adjusted EPS range of $4.00 to $4.20, representing a 13% increase at the midpoint. Truist Securities raised its price target for Silgan Holdings from $69.00 to $70.00, maintaining a Buy rating, citing the company’s strong performance and strategic growth initiatives.
The company’s acquisition of Weener is expected to contribute approximately $50 million in incremental EBIT, while cost reduction efforts are anticipated to yield $30 million in savings. Silgan’s strategic initiatives, including the successful acquisition of Vayner Packaging (NYSE:PKG), have been instrumental in driving its positive financial results. Free cash flow for 2025 is projected to reach $450 million, a 15% increase, driven by growth in the Dispensing and Specialty Closures segment and the expanding healthcare business. The company’s leadership emphasized its focus on high-margin segments, with plans to continue allocating capital towards its fastest-growing businesses.
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