Silgan's (SLGN) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Silgan Holdings' stock retains a "hold (C)" rating as reaffirmed by Weiss Ratings, while other analysts vary in their ratings with targets ranging from $57.00 to $67.00.
• The company reported Earnings Per Share (EPS) of $1.01, slightly below the consensus estimate, alongside an 11.4% year-over-year revenue increase to $1.54 billion.
• Recent insider activity includes EVP Robert B. Lewis selling 11,000 shares, reducing his ownership by 7.17% and bringing institutional ownership to 70.25% of the company.

Silgan (NYSE:SLGN - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

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

Silgan Price Performance

Shares of NYSE:SLGN traded up $0.46 during mid-day trading on Wednesday, reaching $43.50. The stock had a trading volume of 1,175,584 shares, compared to its average volume of 1,159,984. 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 company has a market cap of $4.65 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69. Silgan has a 1 year low of $41.29 and a 1 year high of $58.14. The business's 50 day moving average price is $44.82 and its 200 day moving average price is $50.28.

Silgan (NYSE:SLGN - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.Silgan's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Research analysts expect that Silgan will post 4.11 EPS for the current fiscal year.

Insider Transactions at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SLGN. Vaughan Nelson Investment Management L.P. bought a new position in Silgan in the second quarter worth approximately $61,303,000. Norges Bank bought a new position in Silgan in the second quarter worth approximately $48,626,000. William Blair Investment Management LLC bought a new position in Silgan in the second quarter worth approximately $29,053,000. Wellington Management Group LLP grew its stake in 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 purchasing an additional 448,828 shares in the last quarter. Finally, Nuveen LLC bought a new position in Silgan in the first quarter worth approximately $15,638,000. 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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