Analysts Set Silgan Holdings Inc. (NYSE:SLGN) Price Target at $55.70

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $55.20.

Several analysts recently weighed in on SLGN shares. UBS Group assumed coverage on Silgan in a research note on Monday, November 24th. They set a “neutral” rating and a $42.00 target price for the company. Truist Financial set a $50.00 price target on Silgan and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Raymond James Financial set a $53.00 target price on shares of Silgan and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Wells Fargo & Company cut their target price on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in shares of Silgan by 18.4% during the second quarter. QRG Capital Management Inc. now owns 37,752 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 5,864 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Silgan during the 1st quarter worth about $1,258,000. Swiss National Bank grew its holdings in Silgan by 4.9% during the 2nd quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock worth $9,411,000 after acquiring an additional 8,100 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Silgan by 238.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 69,504 shares of the industrial products company’s stock worth $3,766,000 after acquiring an additional 48,967 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Silgan by 26.9% in the 2nd quarter. New York State Common Retirement Fund now owns 186,194 shares of the industrial products company’s stock valued at $10,088,000 after acquiring an additional 39,496 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Silgan Price Performance

NYSE SLGN opened at $42.73 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The company has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $44.59. The company has a market cap of $4.51 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.90 and a beta of 0.72. Silgan has a 1 year low of $36.15 and a 1 year high of $57.61.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $1.21 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. 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 predict that Silgan will post 4.11 EPS for the current year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Silgan’s dividend payout ratio is currently 27.21%.

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.