Zacks Research Upgrades Silgan (NYSE:SLGN) to “Hold”

Silgan (NYSE:SLGN) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Truist Financial cut their price target on Silgan from $62.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silgan in a research note on Monday. Citigroup reduced their target price on Silgan from $60.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company lowered their price target on Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, UBS Group began coverage on shares of Silgan in a report on Monday, November 24th. They set a “neutral” rating and a $42.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.70.

Silgan Price Performance

NYSE:SLGN opened at $40.66 on Monday. Silgan has a 12-month low of $36.15 and a 12-month high of $57.61. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.58 and a beta of 0.74. The company’s 50-day moving average is $39.84 and its two-hundred day moving average is $45.31. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. Research analysts expect that Silgan will post 4.11 EPS for the current year.

Insider Activity at Silgan

In other Silgan news, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $38.11 per share, with a total value of $38,110.00. Following the completion of the transaction, the chief accounting officer directly owned 105,321 shares of the company’s stock, valued at approximately $4,013,783.31. The trade was a 0.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam J. Greenlee bought 7,000 shares of Silgan stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $38.19 per share, for a total transaction of $267,330.00. Following the acquisition, the chief executive officer directly owned 328,164 shares in the company, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.13% of the company’s stock.

Institutional Trading of Silgan

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in Silgan by 174.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 316 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Silgan in the third quarter valued at about $33,000. Hantz Financial Services Inc. raised its holdings in shares of Silgan by 359.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock valued at $34,000 after buying an additional 496 shares during the period. EverSource Wealth Advisors LLC lifted its position in Silgan by 627.2% during the 2nd 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. Finally, Elevation Point Wealth Partners LLC purchased a new position in Silgan in the 2nd quarter worth approximately $40,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

About Silgan

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.