Silgan (NYSE:SLGN) Sets New 12-Month Low - Here's What Happened

Key Points

• Silgan Holdings Inc. shares hit a new 52-week low, trading at $44.10, indicating a decline despite a trading volume of over 1 million shares.
• Analyst ratings show a range of upgrades and downgrades, with the average consensus price target set at $62.22 and most ratings leaning towards "Buy."
• The company recently announced a quarterly dividend of $0.20 per share, which translates to an annualized yield of 1.8%, alongside a payout ratio of 28.47%.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $44.10 and last traded at $44.49, with a volume of 1014821 shares trading hands. The stock had previously closed at $44.77.

Wall Street Analysts Forecast Growth

SLGN has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and upped their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Royal Bank Of Canada cut their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Raymond James Financial cut their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 31st. Finally, Truist Financial upped their target price on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 11th. 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, the company presently has a consensus rating of "Buy" and a consensus target price of $62.22.

Silgan Stock Down 1.1%

The company has a market cap of $4.66 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.14 and a beta of 0.71. The company has a 50 day moving average of $49.22 and a 200-day moving average of $51.29. 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 released its quarterly earnings results 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company's revenue for the quarter 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 analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State of Michigan Retirement System increased its holdings in shares of Silgan by 1.0% in the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock worth $992,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Silgan by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock worth $1,160,000 after purchasing an additional 200 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Silgan by 5.9% in the first quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock worth $192,000 after purchasing an additional 210 shares during the last quarter. CX Institutional grew its stake in shares of Silgan by 26.2% in the second quarter. CX Institutional now owns 1,044 shares of the industrial products company's stock worth $57,000 after purchasing an additional 217 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Silgan by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company's stock worth $2,717,000 after purchasing an additional 223 shares during the last quarter. 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.