Silgan (NYSE:SLGN) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Silgan (NYSE:SLGN) from a hold rating to a strong sell rating in a research note published on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on SLGN. Royal Bank Of Canada dropped their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silgan in a report on Wednesday, October 8th. Bank of America raised shares of Silgan from a “neutral” rating to a “buy” rating and increased their target price for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Raymond James Financial set a $53.00 target price on shares of Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wells Fargo & Company dropped their target price on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.22.

Silgan Price Performance

Shares of NYSE:SLGN opened at $38.62 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40. The company has a market cap of $4.13 billion, a P/E ratio of 13.14, a PEG ratio of 1.27 and a beta of 0.69. Silgan has a 52 week low of $36.15 and a 52 week high of $58.14. The company has a 50-day moving average price of $43.58 and a 200 day moving average price of $49.53.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Research analysts predict that Silgan will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Silgan’s dividend payout ratio (DPR) is 28.47%.

Insider Transactions at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the firm’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 transaction of $513,700.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.13% of the company’s stock.

Institutional Trading of Silgan

A number of hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its position in Silgan by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 41,012 shares of the industrial products company’s stock worth $1,764,000 after acquiring an additional 574 shares during the last quarter. Retirement Systems of Alabama boosted its position in Silgan by 8.0% during the third quarter. Retirement Systems of Alabama now owns 107,370 shares of the industrial products company’s stock worth $4,618,000 after acquiring an additional 7,985 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Silgan by 1.5% during the third quarter. GHP Investment Advisors Inc. now owns 127,956 shares of the industrial products company’s stock worth $5,503,000 after acquiring an additional 1,896 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Silgan by 19.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 46,986 shares of the industrial products company’s stock valued at $2,021,000 after purchasing an additional 7,694 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Silgan by 20.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,007 shares of the industrial products company’s stock valued at $492,000 after buying an additional 1,898 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.