Silgan (NYSE:SLGN) Price Target Raised to $58.00

Silgan (NYSE:SLGN) had its price target increased by Bank of America from $53.00 to $58.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other research firms have also weighed in on SLGN. UBS Group reduced their price objective on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Wells Fargo & Company restated an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Truist Financial lowered their price target on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $51.00 price objective (up from $49.00) on shares of Silgan in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Silgan in a research note on Wednesday, April 1st. They set a “buy” rating and a $52.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Silgan Stock Performance

Shares of SLGN stock opened at $47.33 on Tuesday. The company’s fifty day moving average price is $41.13 and its 200-day moving average price is $42.21. The stock has a market cap of $5.00 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.66. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. Silgan has a 12 month low of $35.68 and a 12 month high of $56.85.

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

Silgan Announces Dividend

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

Hedge Funds Weigh In On Silgan

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Silgan by 2,525.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 707 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Silgan during the 3rd quarter valued at about $33,000. Danske Bank A S boosted its holdings in shares of Silgan by 233.3% in the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after buying an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Silgan in the first quarter worth approximately $54,000. 70.25% of the stock is currently owned by hedge funds and other 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.