Silgan (NYSE:SLGN) Reaches New 52-Week Low - What's Next?

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%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company upped their target price on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Raymond James Financial cut their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company 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 stock a "buy" rating in a research report on Friday, July 11th. One research 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.com, the stock currently has a consensus rating of "Buy" and an average target price of $62.22.

Silgan Price Performance

The business has a 50-day moving average price of $49.22 and a 200 day moving average price of $51.33. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.16 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.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted $0.88 EPS. Silgan'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 expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Silgan's dividend payout ratio is presently 28.47%.

Insider Activity

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.13% of the stock is owned by insiders.

Institutional Trading of Silgan

Hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Silgan in the second quarter worth $61,303,000. Norges Bank acquired a new position in shares of Silgan in the second quarter worth $48,626,000. Millennium Management LLC increased its stake in shares of Silgan by 764.7% in the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after acquiring an additional 895,528 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Silgan in the second quarter worth $29,053,000. Finally, Wellington Management Group LLP increased its stake in shares of Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock worth $146,657,000 after acquiring an additional 448,828 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.