Silgan (NYSE:SLGN) Hits New 1-Year Low - Here's What Happened

Key Points

• Silgan Holdings Inc. reached a new 52-week low of $42.64, following a decline in its stock price, despite a trading volume of over 2.4 million shares.
• Equities research analysts have mixed ratings on the stock, with target prices ranging from $57.00 to $67.00, but the consensus remains a "Buy" rating with an average target of $62.22.
• Silgan recently reported earnings per share of $1.01 for the last quarter, missing estimates by $0.02, while also announcing a quarterly dividend yielding 1.9% annually.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $42.79 and last traded at $42.64, with a volume of 2407935 shares traded. The stock had previously closed at $43.15.

Analysts Set New Price Targets

Several analysts have recently commented on SLGN shares. Bank of America raised Silgan from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Royal Bank Of Canada lowered their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Truist Financial raised their price objective on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company raised their price objective on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Raymond James Financial dropped their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, Silgan has an average rating of "Buy" and an average price target of $62.22.

Silgan Trading Down 0.7%

The firm has a 50 day simple moving average of $47.71 and a 200 day simple moving average of $50.90. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The firm has a market cap of $4.54 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.11 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last released 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the business earned $0.88 EPS. The business's revenue was up 11.4% on a year-over-year basis. 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 predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

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

Insider Activity at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.13% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. bought a new stake in Silgan in the second quarter worth $61,303,000. Norges Bank purchased a new stake in Silgan during the 2nd quarter valued at about $48,626,000. William Blair Investment Management LLC purchased a new stake in Silgan during the 2nd quarter valued at about $29,053,000. Wellington Management Group LLP boosted its holdings in Silgan by 18.5% during the 1st quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock valued at $146,657,000 after acquiring an additional 448,828 shares during the period. Finally, Nuveen LLC purchased a new stake in Silgan during the 1st quarter valued at about $15,638,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.