Silgan (NYSE:SLGN) Sets New 1-Year Low - Time to Sell?

Key Points

• Silgan shares fell to a new 52-week low of $35.66, trading well below their 50-day and 200-day moving averages of approximately $41–$42.
• Despite the decline, analysts maintain a consensus “Moderate Buy” rating with a $54 price target, substantially above the current share price.
• Silgan exceeded quarterly earnings and revenue expectations, while declaring a quarterly dividend of $0.21, equivalent to an annualized yield of about 2.3%.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $35.66 and last traded at $35.32, with a volume of 837013 shares. The stock had previously closed at $37.15.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SLGN. BMO Capital Markets began coverage on shares of Silgan in a research note on Thursday, July 16th. They set an "outperform" rating and a $57.00 price target for the company. Royal Bank Of Canada raised Silgan from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $51.00 to $58.00 in a research note on Thursday, August 13th. Raymond James Financial reissued an "outperform" rating and issued a $59.00 price target on shares of Silgan in a research report on Wednesday, July 15th. UBS Group set a $47.00 price target on Silgan and gave the company a "neutral" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Silgan from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 15th. One investment 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

Silgan Stock Performance

The company has a market cap of $3.78 billion, a P/E ratio of 14.04, a PEG ratio of 2.18 and a beta of 0.68. 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 firm has a 50 day moving average of $41.68 and a 200-day moving average of $41.05.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Silgan Holdings Inc. will post 3.82 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.3%. Silgan's payout ratio is presently 32.94%.

Institutional Investors Weigh In On Silgan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Silgan in the 2nd quarter worth about $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Silgan during the second quarter valued at $28,000. Parkside Financial Bank & Trust lifted its holdings in Silgan by 105.6% during 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. Integrated Wealth Concepts LLC purchased a new stake in Silgan in the second quarter valued at about $33,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company's stock worth $30,000 after purchasing an additional 707 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Silgan Company Profile

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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