Wells Fargo & Company Cuts Silgan (NYSE:SLGN) Price Target to $52.00

Silgan (NYSE:SLGN) had its price target trimmed by Wells Fargo & Company from $55.00 to $52.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on SLGN. Royal Bank Of Canada dropped their price objective on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Truist Financial cut their price target on shares of Silgan from $62.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Bank of America raised shares of Silgan from a “neutral” rating to a “buy” rating and upped their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.22.

Silgan Price Performance

Shares of SLGN opened at $38.62 on Thursday. The firm has a 50-day simple moving average of $43.58 and a two-hundred day simple moving average of $49.53. The stock has a market cap of $4.13 billion, a PE ratio of 13.14, a P/E/G ratio of 1.27 and a beta of 0.69. Silgan has a 1-year low of $36.15 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56.

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, topping analysts’ consensus estimates of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $1.21 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. As a group, analysts forecast that Silgan will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Silgan’s payout ratio is currently 28.47%.

Insider Activity at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the sale, the executive vice president directly owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.13% of the company’s stock.

Institutional Trading of Silgan

A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its position in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock worth $1,160,000 after acquiring an additional 200 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Silgan by 1.0% in the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 200 shares in the last quarter. CX Institutional increased its stake in Silgan by 26.2% in the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 217 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Silgan by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 223 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Silgan by 3.9% during the 2nd quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after buying an additional 232 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.