Silgan Holdings Inc. (NYSE:SLGN) Receives $62.22 Average Target Price from Analysts

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) has been given an average rating of "Buy" by the nine research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $62.2222.

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Truist Financial raised their target price on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada decreased their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Raymond James Financial decreased their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. Finally, Bank of America raised Silgan from a "neutral" rating to a "buy" rating and raised their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th.

Silgan Trading Up 0.6%

Shares of SLGN stock traded up $0.27 on Tuesday, hitting $44.84. The company had a trading volume of 1,446,396 shares, compared to its average volume of 818,938. The firm has a market cap of $4.80 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.22 and a beta of 0.71. The stock's 50-day moving average is $50.77 and its two-hundred day moving average is $51.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan has a twelve month low of $44.36 and a twelve month high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities research analysts anticipate that Silgan will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is 28.47%.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the sale, the executive vice president owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Silgan during the first quarter valued at approximately $51,000. M&T Bank Corp lifted its holdings in Silgan by 6.9% during the first quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company's stock worth $927,000 after acquiring an additional 1,165 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Silgan by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company's stock worth $353,000 after acquiring an additional 815 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Silgan by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company's stock worth $2,553,000 after acquiring an additional 695 shares during the period. Finally, CX Institutional bought a new stake in Silgan during the first quarter worth $42,000. Hedge funds and other 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.