Silgan (NYSE:SLGN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Silgan Holdings Inc. (NYSE:SLGN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.64 and traded as high as $45.80. Silgan shares last traded at $45.2160, with a volume of 897,574 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SLGN shares. Truist Financial dropped their price target on Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. UBS Group lowered their target price on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and set a $56.00 target price (up from $55.00) on shares of Silgan in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price target on shares of Silgan from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.56.

Silgan Trading Up 1.2%

The company has a 50 day simple moving average of $39.48 and a two-hundred day simple moving average of $41.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 1.26. The firm has a market cap of $4.78 billion, a PE ratio of 17.00, a P/E/G ratio of 2.56 and a beta of 0.71.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Analysts expect that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Silgan’s dividend payout ratio (DPR) is currently 31.58%.

Institutional Trading of Silgan

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 707 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Silgan in the third quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its holdings in Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 577 shares during the last quarter. Danske Bank A S grew its position in Silgan by 233.3% during the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Silgan by 37.4% during 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 during the last quarter. 70.25% of the stock is 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.