Silgan (NYSE:SLGN) Hits New 1-Year Low - Should You Sell?

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) shares hit a new 52-week low on Wednesday. The stock traded as low as $35.01 and last traded at $35.0560, with a volume of 1109526 shares changing hands. The stock had previously closed at $35.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 15th. UBS Group set a $47.00 target price on shares of Silgan and gave the stock a "neutral" rating in a report on Thursday, July 30th. Raymond James Financial reiterated an "outperform" rating and issued a $59.00 target price on shares of Silgan in a research note on Wednesday, July 15th. Royal Bank Of Canada raised shares of Silgan from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $51.00 to $58.00 in a report on Thursday, August 13th. Finally, Bank of America boosted their price target on shares of Silgan from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.00.

Silgan Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. The stock has a market cap of $3.70 billion, a PE ratio of 13.75, a PEG ratio of 2.09 and a beta of 0.68. The company's 50-day moving average price is $40.80 and its two-hundred day moving average price is $40.83.

Silgan (NYSE:SLGN - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, equities research analysts forecast that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 1st. Silgan's dividend payout ratio is presently 32.94%.

Hedge Funds Weigh In On Silgan

Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Silgan by 105.6% in the second quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company's stock worth $29,000 after buying an additional 322 shares during the period. Huntington National Bank boosted its holdings in Silgan by 20.5% during the 4th quarter. Huntington National Bank now owns 2,216 shares of the industrial products company's stock valued at $89,000 after acquiring an additional 377 shares during the period. Skylands Capital LLC grew its position in Silgan by 0.9% during the 1st quarter. Skylands Capital LLC now owns 43,300 shares of the industrial products company's stock worth $1,680,000 after acquiring an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Silgan by 2.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the industrial products company's stock worth $697,000 after acquiring an additional 400 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Silgan by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 21,100 shares of the industrial products company's stock worth $819,000 after purchasing an additional 400 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

About Silgan

Silgan Holdings Inc is a manufacturer of rigid packaging products serving consumer goods companies in North America, Europe and other international markets. The company's packaging is used for food, beverages, household products, personal care items, health care products, chemicals and other consumer and industrial applications.

Silgan operates through three principal business areas: metal containers, dispensing and specialty closures, and custom containers. Its products include steel and aluminum cans for food and general-line applications, aerosol containers, plastic containers, metal and plastic closures, dispensing systems, and custom-molded plastic packaging.

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