Silgan (NYSE:SLGN) Sets New 52-Week Low - Here's What Happened

Key Points

• Silgan Holdings Inc. shares reached a new 52-week low of $43.18 during mid-day trading, closing at $43.28, with substantial trading volume of 1.3 million shares.
• Analysts have mixed views on Silgan, with changes in ratings ranging from an 'overweight' by Wells Fargo to a 'buy' rating from Bank of America, leading to an overall average rating of "Buy".
• The company recently announced a quarterly dividend of $0.20 per share, which translates to a yield of 1.8%, payable on September 16th.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.18 and last traded at $43.28, with a volume of 1315763 shares trading hands. The stock had previously closed at $43.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SLGN shares. Truist Financial raised their price target on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and lifted their price target for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Raymond James Financial dropped their target price 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. Wells Fargo & Company boosted their price target on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada reduced their price target on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $62.22.

Silgan Price Performance

The company has a fifty day simple moving average of $47.96 and a two-hundred day simple moving average of $50.98. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.12 and a beta of 0.71. 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 (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business earned $0.88 earnings per share. The company'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. As a group, research analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is currently 28.47%.

Insider Activity

In other news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 142,378 shares in the company, valued at $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Silgan by 174.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company's stock worth $27,000 after acquiring an additional 316 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Silgan by 359.4% during 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% during the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company's stock worth $36,000 after acquiring an additional 577 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Silgan by 4,394.1% in the 1st quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 747 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Silgan in the 2nd quarter worth approximately $40,000. 70.25% of the stock is currently owned by institutional investors.

Silgan Company Profile

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.