Silgan (NYSE:SLGN) Price Target Lowered to $47.00 at Citigroup

Silgan (NYSE:SLGN) had its price target reduced by Citigroup from $49.00 to $47.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on SLGN. UBS Group initiated coverage on shares of Silgan in a report on Monday, November 24th. They set a “neutral” rating and a $42.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Finally, Zacks Research upgraded Silgan from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

Silgan Stock Up 1.0%

NYSE:SLGN opened at $41.95 on Tuesday. Silgan has a 52 week low of $36.15 and a 52 week high of $57.61. The firm has a market capitalization of $4.43 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average of $39.49 and a 200-day moving average of $44.86.

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

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.9%. Silgan’s dividend payout ratio (DPR) is presently 27.21%.

Insider Buying and Selling

In other Silgan news, CEO Adam J. Greenlee acquired 7,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were purchased 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 directly owned 328,164 shares of the company’s stock, valued at approximately $12,532,583.16. This represents a 2.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kimberly Irene Ulmer bought 1,000 shares of Silgan stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $38.11 per share, with a total value of $38,110.00. Following the acquisition, the chief accounting officer directly owned 105,321 shares in the company, valued at $4,013,783.31. This trade represents a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.13% of the company’s stock.

Institutional Trading of Silgan

Institutional investors have recently modified their holdings of the stock. CX Institutional increased its stake in Silgan by 26.2% in the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 217 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Silgan by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock valued at $2,717,000 after purchasing an additional 223 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Silgan by 3.9% during the 2nd quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after buying an additional 232 shares in the last quarter. Aristeia Capital L.L.C. lifted its position in shares of Silgan by 4.5% during the 1st quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company’s stock worth $293,000 after buying an additional 245 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Silgan by 1.0% in the third quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 262 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.