Directors' Major Purchases: Greenlee Invests $267.3K in SLGN
Insider Buying Activity: Company directors, like Adam J. Greenlee of Silgan Holdings Inc, often buy stock when they believe it is undervalued or see positive developments, with Greenlee purchasing $267.3K worth of shares at an average cost of $38.19 each.
Current Stock Performance: Silgan Holdings Inc shares are currently trading at $39.11, showing a slight increase of 1.1%, with a 52-week range between $36.15 and $58.14.
Dividend Information: The company pays an annualized dividend of $0.8 per share, with a recent ex-dividend date of September 2, 2025, and an approximate yield of 2.1%.
Market Insights: The article emphasizes the importance of monitoring insider buying as a potential indicator of a company's future performance and value.
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Silgan Holdings (SLGN) Downgraded by RBC, Price Target Cut to $43
- Rating Downgrade Impact: RBC Capital Markets downgraded Silgan Holdings (SLGN) from Outperform to Sector Perform, lowering the price target from $49 to $43, which caused the stock to drop 2.5% in the first hour of trading in New York.
- Growth Outlook Constrained: The analyst noted that Silgan faces structural challenges in its dispensing and specialty closures segment, particularly with demand softening among lower-income consumers pressured by inflation, leading to a constrained medium-term growth outlook.
- Increased Customer Volatility: RBC highlighted rising customer churn, including the impact of a large metal customer bankruptcy over the past two years, which could continue to weigh on volumes despite management's efforts to reroute lost business.
- Earnings Forecast Reduction: RBC lowered its EBITDA forecast for Silgan to $207 million for Q4 and $970 million for fiscal 2025, reflecting a reduced valuation multiple and falling below consensus estimates.
Insiders Purchase Shares of FNK ETF Holdings
Insider Buying Activity: The First Trust Mid Cap Value AlphaDEX Fund (FNK) has 10.1% of its weighted holdings showing insider buying in the last six months.
Carmax Inc. Details: Carmax Inc. (KMX), comprising 0.64% of FNK, has had two directors and officers purchase shares recently, with the ETF holding $1,277,809 worth of KMX.
Silgan Holdings Inc. Details: Silgan Holdings Inc. (SLGN), the #86 largest holding in FNK, also shows insider buying from two directors and officers, with the ETF holding $1,038,470 worth of SLGN.
General Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
