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

Silgan Holdings Inc. (NYSE:SLGN) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $53.13.

SLGN has been the topic of several research reports. Citigroup upped their price objective on Silgan from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Silgan from $39.00 to $46.00 and gave the stock an “underweight” rating in a report on Thursday, February 1st. Wells Fargo & Company increased their target price on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Raymond James lifted their price target on shares of Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Truist Financial increased their price objective on shares of Silgan from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th.

Silgan Trading Down 0.0 %

Shares of SLGN opened at $47.00 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.61 and a current ratio of 1.02. Silgan has a one year low of $38.11 and a one year high of $50.18. The stock has a 50-day moving average price of $45.94 and a 200 day moving average price of $43.98. The company has a market capitalization of $5.02 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.58 and a beta of 0.68.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Silgan had a net margin of 5.44% and a return on equity of 20.29%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Sell-side analysts forecast that Silgan will post 3.67 EPS for the current fiscal year.

Silgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Wednesday, March 13th. This is a boost from Silgan’s previous quarterly dividend of $0.18. Silgan’s dividend payout ratio (DPR) is 25.50%.

Insider Buying and Selling at Silgan

In other news, VP B Frederik Prinzen sold 4,684 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $205,580.76. Following the completion of the transaction, the vice president now directly owns 8,613 shares in the company, valued at $378,024.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silgan

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in Silgan in the 4th quarter valued at about $30,000. Quent Capital LLC lifted its stake in shares of Silgan by 94.9% in the 4th quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 505 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Silgan by 92.4% in the third quarter. Fifth Third Bancorp now owns 1,120 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 538 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Silgan during the third quarter valued at approximately $70,000. Finally, Blue Trust Inc. raised its holdings in Silgan by 4,440.4% during the fourth quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 2,087 shares in the last quarter. 70.25% of the stock is currently owned by 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.