Silgan Holdings Inc. (NYSE:SLGN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $54.00.

A number of analysts recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $59.00 target price on shares of Silgan in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Citigroup dropped their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Truist Financial reduced their target price on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, BMO Capital Markets started coverage on Silgan in a research note on Thursday, July 16th. They set an “outperform” rating and a $57.00 price target on the stock.

Silgan Stock Down 1.7%

Silgan stock opened at $41.74 on Tuesday. Silgan has a 1-year low of $35.68 and a 1-year high of $49.55. The business has a fifty day moving average price of $43.58 and a 200-day moving average price of $42.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.47 and a beta of 0.68.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities research analysts forecast that Silgan will post 3.82 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Silgan’s dividend payout ratio is 32.94%.

Institutional Trading of Silgan

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Silgan in the 2nd quarter valued at $1,291,000. Corient Private Wealth LP acquired a new position in Silgan during the second quarter valued at $679,000. Bank of America Corp DE purchased a new stake in Silgan in the second quarter valued at $101,368,000. Jupiter Topco LLC acquired a new stake in Silgan during the 2nd quarter worth about $62,526,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Silgan in the second quarter worth about $267,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Company Profile

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.