Silgan (NYSE:SLGN) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Silgan's stock rating was restated as "hold (c)" by Weiss Ratings, while several brokerages have set varying price targets, with a consensus price target of $60.11.
• The company's most recent earnings report showed a miss on EPS, reporting $1.01 compared to an expectation of $1.03, despite revenue increasing by 11.4% year-over-year.
• Institutional investors hold 70.25% of Silgan's stock, with several hedge funds significantly increasing their positions in the recent quarter.

Silgan (NYSE:SLGN - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on SLGN. Raymond James Financial set a $53.00 price objective on Silgan and gave the stock an "outperform" rating in a research report on Friday, October 17th. Truist Financial reduced their target price on Silgan from $67.00 to $62.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Bank of America upgraded 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 report on Thursday, August 28th. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company set a $55.00 target price on Silgan and gave the stock an "overweight" rating in a report on Wednesday, October 15th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.11.

Silgan Stock Down 0.1%

Shares of SLGN stock opened at $44.57 on Friday. The stock has a market cap of $4.77 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.69. Silgan has a one year low of $41.29 and a one year high of $58.14. The stock has a fifty day moving average price of $44.10 and a 200 day moving average price of $49.76. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56.

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

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction 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 sale, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Silgan by 174.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company's stock worth $27,000 after purchasing an additional 316 shares during the period. Hantz Financial Services Inc. increased its position in shares of Silgan by 359.4% in the second quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company's stock worth $34,000 after purchasing an additional 496 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company's stock worth $36,000 after purchasing an additional 577 shares during the period. Brooklyn Investment Group increased its position in shares of Silgan by 4,394.1% in the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after purchasing an additional 747 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Silgan in the second quarter worth $40,000. 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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