Silgan Holdings Inc. (NYSE:SLGN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $51.5556.
A number of research firms recently weighed in on SLGN. JPMorgan Chase & Co. lowered their target price on shares of Silgan from $53.00 to $47.00 and set an “overweight” 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 on the stock in a research note on Tuesday, May 5th. Truist Financial lowered their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada lifted their target price on shares of Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th.
Get Our Latest Analysis on SLGN
Silgan Trading Up 0.1%
Silgan (NYSE:SLGN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. As a group, equities analysts anticipate that Silgan will post 3.78 earnings per share for the current year.
Silgan Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Silgan’s payout ratio is 31.58%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after buying an additional 577 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Silgan by 2,525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Silgan in the 3rd quarter valued at $33,000. Danske Bank A S increased its holdings in Silgan by 233.3% in the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Silgan in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.
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.
Read More
- Five stocks we like better than Silgan
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.com's FREE daily email newsletter.
