Silgan (NYSE:SLGN) Shares Climb 4.8% – Time to Buy?

Silgan Holdings Inc. (NYSE:SLGN)’s share price was up 4.8% during trading on Monday. The stock traded as high as $39.96 and last traded at $39.63. Approximately 135,522 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,032,758 shares. The stock had previously closed at $37.80.

Analysts Set New Price Targets

A number of analysts have weighed in on SLGN shares. BMO Capital Markets assumed coverage on Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 target price on the stock. Royal Bank Of Canada set a $47.00 target price on shares of Silgan and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Bank of America upped their price target on shares of Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial set a $45.00 price target on shares of Silgan and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, UBS Group set a $38.00 price objective on shares of Silgan and gave the company a “neutral” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.40.

Silgan Stock Up 6.8%

The stock has a market cap of $4.27 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The business has a fifty day moving average of $38.76 and a 200-day moving average of $40.46. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80.

Silgan (NYSE:SLGN) last issued its 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 analysts’ expectations of $1.62 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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 anticipate that Silgan Holdings Inc. will post 3.81 earnings per share for the current year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 1st. Silgan’s payout ratio is presently 32.94%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in Silgan by 105.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 322 shares during the period. Skylands Capital LLC raised its holdings in shares of Silgan by 0.9% in the 1st quarter. Skylands Capital LLC now owns 43,300 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Silgan by 2.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System lifted its position in shares of Silgan by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 21,100 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 400 shares during the period. Finally, Allworth Financial LP bought a new position in shares of Silgan during the second quarter valued at approximately $28,000. 70.25% of the stock is currently owned by institutional investors.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.

Silgan’s business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.