Silgan Holdings Inc. (SLGN) – What Are Brokerages Saying About This Stock?

Silgan Holdings Inc. (NYSE:SLGN) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $50.70.

Several equities analysts recently commented on SLGN shares. 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. Wells Fargo & Company reissued an “overweight” rating and issued a $52.00 price target (down from $56.00) on shares of Silgan in a research note on Monday, October 19th. Royal Bank Of Canada lifted their price target on Silgan from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Truist Financial lifted their price target on Silgan from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, UBS Group set a $38.00 price objective on shares of Silgan and gave the company a “neutral” rating in a research note on Monday, October 5th.

Silgan Stock Down 1.1%

SLGN stock opened at $41.19 on Friday. The company has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $41.36. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $4.35 billion, a P/E ratio of 16.61, a PEG ratio of 2.40 and a beta of 0.64. Silgan has a one year low of $33.70 and a one year high of $49.55.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Silgan had a return on equity of 16.73% and a net margin of 3.90%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that Silgan will post 3.87 EPS for the current year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Silgan’s dividend payout ratio (DPR) is currently 33.87%.

Institutional Investors Weigh In On Silgan

A number of institutional investors have recently bought and sold shares of SLGN. Fifth Third Bancorp raised its stake in Silgan by 12.0% during the third quarter. Fifth Third Bancorp now owns 112,855 shares of the industrial products company’s stock worth $3,922,000 after purchasing an additional 12,089 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Silgan by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 91,565 shares of the industrial products company’s stock valued at $3,182,000 after purchasing an additional 842 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Silgan in the 3rd quarter valued at $105,000. Hohimer Wealth Management LLC grew its stake in shares of Silgan by 6.3% during the 3rd quarter. Hohimer Wealth Management LLC now owns 5,852 shares of the industrial products company’s stock valued at $203,000 after buying an additional 349 shares during the period. Finally, CenterBook Partners LP purchased a new stake in shares of Silgan during the 3rd quarter valued at $833,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.