Silgan (NYSE:SLGN) Price Target Lowered to $62.00 at Truist Financial

Silgan (NYSE:SLGN) had its price objective cut by Truist Financial from $67.00 to $62.00 in a report released on Monday morning, MarketBeat.com reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts also recently issued reports about the stock. Raymond James Financial dropped their price target 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. Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. Royal Bank Of Canada dropped their price target on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company boosted their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Silgan in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Silgan currently has an average rating of “Buy” and an average target price of $61.67.

Silgan Stock Down 0.0%

SLGN stock opened at $42.11 on Monday. Silgan has a 52 week low of $41.29 and a 52 week high of $58.14. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.30 and a beta of 0.69. The firm’s 50-day moving average is $44.60 and its two-hundred day moving average is $50.10. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last released its quarterly earnings results 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). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. 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 forecast that Silgan will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Silgan’s payout ratio is presently 28.47%.

Insider Activity at Silgan

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Silgan by 174.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 316 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Silgan by 359.4% in the second quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 577 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Silgan in the second quarter worth approximately $40,000. Finally, Brooklyn Investment Group increased its position in shares of Silgan by 4,394.1% in the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 747 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.