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) shares hit 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 changing hands. The stock had previously closed at $43.98.

Analyst Ratings Changes

SLGN has been the topic of several recent analyst reports. 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. Bank of America raised Silgan from a "neutral" rating to a "buy" rating and increased their price target for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Truist Financial upped 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. Raymond James Financial reduced their price objective 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, Royal Bank Of Canada cut their price target on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $62.22.

Silgan Trading Down 1.6%

The stock has a market cap of $4.63 billion, a PE ratio of 15.40, a PEG ratio of 1.14 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $48.96 and a two-hundred day simple moving average of $51.22.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Insider Transactions at Silgan

In related 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 transaction of $513,700.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Silgan

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Silgan by 18.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,162 shares of the industrial products company's stock worth $225,000 after buying an additional 636 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Silgan during the second quarter valued at $1,851,000. Tower Research Capital LLC TRC raised its stake in shares of Silgan by 79.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the industrial products company's stock worth $401,000 after purchasing an additional 3,275 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Silgan by 113.3% in the second quarter. Corient Private Wealth LLC now owns 10,141 shares of the industrial products company's stock worth $549,000 after purchasing an additional 5,387 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Silgan by 19.4% in the second quarter. Vident Advisory LLC now owns 6,416 shares of the industrial products company's stock worth $348,000 after purchasing an additional 1,043 shares during the last quarter. 70.25% of the stock is currently owned by 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.

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