Silgan (NYSE:SLGN) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Silgan (NYSE:SLGN) to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $51.00 target price (up from $49.00) on shares of Silgan in a report on Thursday, July 9th. UBS Group decreased their target price on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, Citigroup decreased their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.00.

Silgan Trading Down 0.4%

NYSE:SLGN opened at $47.22 on Thursday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.26 and a quick ratio of 0.78. The company has a market cap of $4.99 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.59 and a beta of 0.66. Silgan has a 1 year low of $35.68 and a 1 year high of $56.85. The stock’s fifty day moving average price is $41.27 and its two-hundred day moving average price is $42.25.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. As a group, analysts expect that Silgan will post 3.79 EPS for the current year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Silgan’s payout ratio is currently 31.58%.

Hedge Funds Weigh In On Silgan

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Silgan by 2,525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after buying an additional 707 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Silgan in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its position in Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after buying an additional 577 shares during the period. Danske Bank A S grew its stake in Silgan by 233.3% in the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 700 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 295 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

About Silgan

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.