Silgan Holdings Inc. (NYSE:SLGN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Silgan Holdings Inc. has received a consensus rating of "Buy" from nine brokerages, with eight recommending a buy and one a strong buy, highlighting positive analyst sentiment around the stock.
• The average price target for Silgan Holdings is $62.22, with Truist Financial raising their target to $67.00, indicating expectations for future price appreciation.
• Silgan recently announced a quarterly dividend of $0.20 per share, which translates to an annualized dividend of $0.80, resulting in a dividend yield of 1.9%.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) has been assigned a consensus rating of "Buy" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $62.2222.

A number of brokerages have issued reports on SLGN. Truist Financial boosted their price objective on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada reduced their price target on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Raymond James Financial lowered their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a report on Thursday, July 31st. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised their target price on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th.

Silgan Stock Up 2.4%

NYSE SLGN opened at $42.52 on Friday. Silgan has a 1 year low of $41.29 and a 1 year high of $58.14. The stock has a market capitalization of $4.55 billion, a PE ratio of 15.13, a PEG ratio of 1.08 and a beta of 0.71. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. The business's 50-day moving average is $46.69 and its 200 day moving average is $50.65.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Sell-side analysts forecast that Silgan will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Silgan's payout ratio is 28.47%.

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares in the company, valued at $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Silgan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Silgan by 10.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,202 shares of the industrial products company's stock worth $10,368,000 after purchasing an additional 18,670 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Silgan in the fourth quarter worth $540,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Silgan by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,088 shares of the industrial products company's stock worth $317,000 after acquiring an additional 571 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Silgan by 5.9% in the first quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock worth $192,000 after acquiring an additional 210 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Silgan by 4,090.3% during the first quarter. GAMMA Investing LLC now owns 110,624 shares of the industrial products company's stock valued at $5,655,000 after acquiring an additional 107,984 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.

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