Silgan (NYSE:SLGN) Stock Price Up 4.8% - Time to Buy?

Key Points

• Silgan shares rose 4.8% to $39.63 in mid-day trading, though volume was 87% below the average daily level.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $50.40, well above the current price.
• Silgan recently exceeded quarterly EPS and revenue expectations, while paying a $0.21 quarterly dividend that yields approximately 2.1%; institutional investors own 70.25% of the stock.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report)'s stock price rose 4.8% during mid-day trading on Monday. The company traded as high as $39.96 and last traded at $39.63. Approximately 135,522 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,032,758 shares. The stock had previously closed at $37.80.

Analysts Set New Price Targets

SLGN has been the topic of several recent research reports. Weiss Ratings cut Silgan from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, October 13th. Raymond James Financial reissued an "outperform" rating and issued a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. Truist Financial set a $45.00 price target on shares of Silgan and gave the stock a "buy" rating in a research report on Monday, October 12th. Bank of America upped their price target on shares of Silgan from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $47.00 price objective on shares of Silgan and gave the company an "outperform" rating in a research report on Tuesday, October 13th. 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Silgan Trading Up 6.8%

The company has a 50-day moving average of $38.76 and a 200 day moving average of $40.46. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. The company has a market cap of $4.27 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Analysts predict that Silgan Holdings Inc. will post 3.81 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 1st. Silgan's dividend payout ratio is presently 32.94%.

Institutional Trading of Silgan

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Silgan during the second quarter valued at approximately $369,406,000. Dimensional Fund Advisors LP grew its stake in shares of Silgan by 11.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,893,768 shares of the industrial products company's stock valued at $189,871,000 after buying an additional 505,813 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Silgan during the second quarter valued at approximately $101,368,000. Jupiter Topco LLC purchased a new stake in shares of Silgan in the second quarter worth approximately $62,526,000. Finally, Atlas FRM LLC purchased a new stake in shares of Silgan in the second quarter worth approximately $48,245,600. 70.25% of the stock is currently owned by institutional investors.

Silgan Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.