Silgan (NYSE:SLGN) Cut to “Sector Perform” at Royal Bank Of Canada

Silgan (NYSE:SLGN) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $43.00 price objective on the industrial products company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.41% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Zacks Research raised shares of Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Wells Fargo & Company reduced their price target on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. UBS Group restated a “neutral” rating and set a $44.00 price objective (up previously from $42.00) on shares of Silgan in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Finally, Truist Financial set a $50.00 target price on Silgan and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Silgan Stock Up 0.8%

Shares of SLGN opened at $42.83 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 1.68. The business has a fifty day moving average of $39.91 and a 200 day moving average of $44.41. The company has a market cap of $4.53 billion, a PE ratio of 14.57, a P/E/G ratio of 1.89 and a beta of 0.72. Silgan has a 52-week low of $36.15 and a 52-week high of $57.61.

Silgan (NYSE:SLGN) last announced 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 net margin of 4.91% and a return on equity of 19.47%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. On average, sell-side analysts expect that Silgan will post 4.11 EPS for the current year.

Insiders Place Their Bets

In other Silgan news, CAO Kimberly Irene Ulmer acquired 1,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $38.11 per share, with a total value of $38,110.00. Following the completion of the purchase, the chief accounting officer directly owned 105,321 shares in the company, valued at $4,013,783.31. The trade was a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam J. Greenlee bought 7,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of $38.19 per share, for a total transaction of $267,330.00. Following the transaction, the chief executive officer directly owned 328,164 shares in the company, valued at approximately $12,532,583.16. This trade represents a 2.18% increase in their position. The SEC filing for this purchase provides additional information. 1.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Silgan

Several hedge funds have recently modified their holdings of SLGN. SG Americas Securities LLC increased its holdings in Silgan by 21,854.8% during the fourth quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock valued at $47,444,000 after buying an additional 1,169,885 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Silgan by 21.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,830 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 1,567 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Silgan by 94.9% in the 4th quarter. GAMMA Investing LLC now owns 3,104 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,511 shares during the period. AIA Group Ltd purchased a new position in shares of Silgan in the 3rd quarter valued at $778,000. Finally, NewEdge Advisors LLC raised its position in shares of Silgan by 14.8% in the 3rd quarter. NewEdge Advisors LLC now owns 7,766 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 999 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 (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.