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

Silgan Holdings Inc. (NYSE:SLGN) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $54.00.

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Bank of America increased their price objective on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Raymond James Financial reiterated an “outperform” rating and issued a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. BMO Capital Markets initiated coverage on Silgan in a research note on Thursday, July 16th. They set an “outperform” rating and a $57.00 target price for the company. Finally, UBS Group set a $47.00 price target on Silgan and gave the stock a “neutral” rating in a report on Thursday, July 30th.

Silgan Stock Up 0.3%

Shares of SLGN opened at $38.68 on Friday. The company’s 50-day simple moving average is $42.83 and its 200-day simple moving average is $41.65. 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 1 year low of $35.68 and a 1 year high of $49.55. The stock has a market capitalization of $4.09 billion, a PE ratio of 15.17, a P/E/G ratio of 2.24 and a beta of 0.68.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Silgan will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. Silgan’s payout ratio is currently 32.94%.

Institutional Trading of Silgan

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Silgan during the 2nd quarter worth $369,406,000. California State Teachers Retirement System increased its holdings in Silgan by 4,409.6% in the second quarter. California State Teachers Retirement System now owns 4,734,285 shares of the industrial products company’s stock valued at $219,623,000 after buying an additional 4,629,302 shares during the last quarter. Bank of America Corp DE purchased a new position in Silgan in the second quarter valued at $101,368,000. Fuller & Thaler Asset Management Inc. raised its stake in Silgan by 177.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock valued at $137,262,000 after buying an additional 2,174,028 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Silgan by 22.1% during the 4th quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after buying an additional 1,676,760 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Silgan

Silgan Holdings Inc is a manufacturer of rigid packaging products serving consumer goods companies in North America, Europe and other international markets. The company’s packaging is used for food, beverages, household products, personal care items, health care products, chemicals and other consumer and industrial applications.

Silgan operates through three principal business areas: metal containers, dispensing and specialty closures, and custom containers. Its products include steel and aluminum cans for food and general-line applications, aerosol containers, plastic containers, metal and plastic closures, dispensing systems, and custom-molded plastic packaging.