Silgan (NYSE:SLGN) Stock Rating Upgraded by Zacks Research

Silgan (NYSE:SLGN) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports.

Other research analysts also recently issued research reports about the company. Citigroup reduced their price target on Silgan from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company reduced their target price on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial set a $53.00 price target on Silgan and gave the stock an “outperform” rating in a research note on Friday, October 17th. Truist Financial reduced their price objective on shares of Silgan from $62.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silgan in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.70.

Silgan Stock Performance

NYSE:SLGN opened at $40.66 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.27. Silgan has a fifty-two week low of $36.15 and a fifty-two week high of $57.61. The firm has a market cap of $4.30 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.58 and a beta of 0.74. The business has a 50 day moving average price of $39.84 and a 200-day moving average price of $45.31.

Silgan (NYSE:SLGN) last issued 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. The company 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 firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Equities research analysts predict that Silgan will post 4.11 earnings per share for the current year.

Insider Activity at Silgan

In related news, CEO Adam J. Greenlee purchased 7,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $38.19 per share, with a total value of $267,330.00. Following the transaction, the chief executive officer directly owned 328,164 shares in the company, valued at $12,532,583.16. This trade represents a 2.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $38.11 per share, for a total transaction of $38,110.00. Following 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 disclosure for this purchase is available in the SEC filing. 1.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Silgan

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in Silgan by 174.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 316 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Silgan by 359.4% during the second quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock valued at $34,000 after buying an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Silgan by 627.2% during the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Silgan during the second quarter valued at approximately $40,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Silgan in the 3rd quarter worth approximately $33,000. 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.