Silgan Holdings Inc. (NYSE:SLGN) Receives Average Recommendation of “Buy” from Analysts

Shares of Silgan Holdings Inc. (NYSE:SLGN) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $62.2222.

A number of brokerages have recently commented on SLGN. Raymond James Financial cut their price objective on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 31st. Citigroup boosted their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Truist Financial boosted their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada lowered their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Finally, Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th.

Silgan Stock Performance

Shares of SLGN stock opened at $46.88 on Tuesday. The company’s fifty day simple moving average is $51.14 and its 200-day simple moving average is $51.91. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The firm has a market cap of $5.02 billion, a PE ratio of 16.68, a P/E/G ratio of 1.22 and a beta of 0.71. Silgan has a 12 month low of $44.37 and a 12 month high of $58.14.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Equities research analysts expect that Silgan will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Silgan’s payout ratio is presently 28.47%.

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 11,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Silgan

Institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Silgan in the second quarter valued at about $61,303,000. Norges Bank bought a new position in shares of Silgan in the second quarter valued at about $48,626,000. Millennium Management LLC raised its position in shares of Silgan by 764.7% in the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company’s stock valued at $52,708,000 after purchasing an additional 895,528 shares during the period. William Blair Investment Management LLC bought a new position in shares of Silgan in the second quarter valued at about $29,053,000. Finally, Wellington Management Group LLP raised its position in shares of Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock valued at $146,657,000 after purchasing an additional 448,828 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

About Silgan

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.