Silgan (NYSE:SLGN) Given New $53.00 Price Target at Truist Financial

Silgan (NYSE:SLGN) had its price objective decreased by Truist Financial from $62.00 to $53.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other research firms also recently weighed in on SLGN. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and raised their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Royal Bank Of Canada reduced their price objective on Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. Wells Fargo & Company set a $55.00 price objective on Silgan and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Raymond James Financial set a $53.00 price objective on Silgan and gave the stock an “outperform” rating in a research report on Friday, October 17th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.78.

Silgan Stock Performance

NYSE SLGN opened at $38.25 on Thursday. The company has a market cap of $4.09 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69. The stock’s 50 day simple moving average is $43.75 and its 200-day simple moving average is $49.61. Silgan has a 1-year low of $36.15 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. As a group, equities research analysts anticipate that Silgan will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Silgan’s payout ratio is currently 28.47%.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the sale, the executive vice president owned 142,378 shares in the company, valued at $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Silgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Silgan by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company’s stock valued at $302,458,000 after purchasing an additional 120,844 shares during the period. State Street Corp grew its stake in shares of Silgan by 0.7% in the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after buying an additional 23,734 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Silgan by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company’s stock valued at $169,334,000 after buying an additional 250,577 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock valued at $146,657,000 after buying an additional 448,828 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Silgan by 1.9% in the second quarter. Geode Capital Management LLC now owns 1,573,647 shares of the industrial products company’s stock valued at $85,272,000 after buying an additional 28,979 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

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.