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

Key Points

• Silgan shares fell to a new 52-week low of $33.70 during Tuesday trading, below both their 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with a $52.60 average price target; ratings include one Strong Buy, eight Buys and three Holds.
• Silgan recently exceeded quarterly earnings and revenue expectations, while paying a quarterly dividend of $0.21, equivalent to a 2.4% annualized yield.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $33.70 and last traded at $35.0390, with a volume of 1347330 shares trading hands. The stock had previously closed at $34.87.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SLGN. Royal Bank Of Canada raised Silgan from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $51.00 to $58.00 in a research note on Thursday, August 13th. BMO Capital Markets began coverage on shares of Silgan in a research note on Thursday, July 16th. They issued an "outperform" rating and a $57.00 price objective for the company. Bank of America increased their target price on shares of Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Silgan from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 15th. Finally, UBS Group set a $38.00 price target on Silgan and gave the stock a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.60.

Silgan Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. The stock's 50-day moving average price is $39.92 and its 200 day moving average price is $40.64. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67.

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

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid 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%.

Institutional Investors Weigh In On Silgan

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Silgan during the fourth quarter worth $30,813,000. Buckland Partners Management Co LLC bought a new position in shares of Silgan in the second quarter valued at about $6,439,000. Bank of America Corp DE acquired a new position in shares of Silgan during the second quarter worth approximately $101,368,000. Quantinno Capital Management LP lifted its holdings in Silgan by 15.1% during the 1st quarter. Quantinno Capital Management LP now owns 179,341 shares of the industrial products company's stock worth $6,958,000 after buying an additional 23,485 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Silgan during the second quarter valued at $1,291,000. Institutional investors own 70.25% of the company's stock.

About Silgan

Silgan Holdings Inc NYSE: SLGN is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.

Silgan's business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.

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