Silgan Holdings Inc. (NYSE:SLGN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Silgan Holdings Inc. (NYSE:SLGN) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $54.00.

A number of research firms have recently commented on SLGN. Wells Fargo & Company reiterated an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Bank of America increased their price objective on shares of Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. BMO Capital Markets assumed coverage on shares of Silgan in a report on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective for the company. Truist Financial lowered their price objective on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised shares of Silgan from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $51.00 to $58.00 in a research report on Thursday, August 13th.

Silgan Stock Performance

NYSE:SLGN opened at $41.74 on Tuesday. The firm has a market cap of $4.41 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 2.47 and a beta of 0.68. The business has a 50 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 quick ratio of 0.80 and a current ratio of 1.27. Silgan has a fifty-two week low of $35.68 and a fifty-two week high of $49.55.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.Silgan’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. 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 predict that Silgan will post 3.82 earnings per share for the current year.

Silgan Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SLGN. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Silgan by 1.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 221 shares during the last quarter. Inspire Advisors LLC raised its holdings in Silgan by 4.5% in the fourth quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 221 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Silgan by 2.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after buying an additional 278 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after buying an additional 295 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Silgan by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock worth $367,000 after buying an additional 308 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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.