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

Silgan Holdings Inc. (NYSE:SLGN) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a 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 $55.70.

Several research firms have issued reports on SLGN. Bank of America raised shares of Silgan from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. UBS Group began coverage on Silgan in a report on Monday, November 24th. They issued a “neutral” rating and a $42.00 price target for the company. Wells Fargo & Company dropped their price objective on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Zacks Research lowered Silgan from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial set a $53.00 target price on Silgan and gave the stock an “outperform” rating in a report on Friday, October 17th.

Silgan Price Performance

SLGN opened at $39.08 on Thursday. The business has a fifty day moving average of $40.51 and a 200 day moving average of $46.73. The stock has a market cap of $4.13 billion, a P/E ratio of 13.29, a PEG ratio of 1.47 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 1.68. Silgan has a 52-week low of $36.15 and a 52-week high of $57.61.

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

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 1st. Silgan’s dividend payout ratio is presently 27.21%.

Insider Transactions at Silgan

In other Silgan news, CAO Kimberly Irene Ulmer purchased 1,000 shares of Silgan stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the acquisition, the chief accounting officer owned 105,321 shares in the company, valued at $4,013,783.31. This trade represents a 0.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam J. Greenlee acquired 7,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $38.19 per share, for a total transaction of $267,330.00. Following the completion of the purchase, the chief executive officer owned 328,164 shares of the company’s stock, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. The SEC filing for this purchase provides additional information. Company 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. JPMorgan Chase & Co. raised its stake in shares of Silgan by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,597,335 shares of the industrial products company’s stock worth $326,761,000 after acquiring an additional 1,822,797 shares in the last quarter. Bank of America Corp DE grew its holdings in Silgan by 131.9% in the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock worth $87,218,000 after purchasing an additional 1,153,253 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Silgan by 25.8% during the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Silgan during the second quarter worth $61,303,000. Finally, Millennium Management LLC lifted its holdings in shares of Silgan by 1,609.6% during the 3rd quarter. Millennium Management LLC now owns 961,540 shares of the industrial products company’s stock valued at $41,356,000 after purchasing an additional 905,296 shares during the last quarter. 70.25% of the stock is currently 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.