Brokerages Set Silgan Holdings Inc. (NYSE:SLGN) Price Target at $62.22

Silgan Holdings Inc. (NYSE:SLGN) has earned an average rating of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $62.2222.

A number of brokerages have commented on SLGN. Truist Financial lifted their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Bank of America raised shares of Silgan from a “neutral” rating to a “buy” rating and boosted their target price for the company from $53.00 to $57.00 in a research note on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Silgan from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Raymond James Financial cut their price target on Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada cut their price target on Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Silgan

A number of hedge funds have recently made changes to their positions in SLGN. Mirae Asset Global Investments Co. Ltd. purchased a new position in Silgan during the 1st quarter worth $51,000. Zurich Insurance Group Ltd FI purchased a new position in Silgan during the first quarter valued at $1,258,000. M&T Bank Corp increased its stake in shares of Silgan by 6.9% during the first quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Silgan by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 815 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Silgan by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company’s stock worth $2,553,000 after buying an additional 695 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Trading Up 0.6%

Shares of SLGN stock opened at $42.77 on Friday. Silgan has a 52-week low of $41.29 and a 52-week high of $58.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The firm has a market capitalization of $4.58 billion, a PE ratio of 15.22, a PEG ratio of 1.10 and a beta of 0.71. The stock has a fifty day simple moving average of $46.44 and a two-hundred day simple moving average of $50.62.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (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 analysts’ expectations of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. On average, analysts predict that Silgan will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Silgan’s dividend payout ratio (DPR) is currently 28.47%.

Silgan Company Profile

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.