Silgan Holdings Inc. (NYSE:SLGN) Receives $51.56 Average PT from Brokerages

Shares of Silgan Holdings Inc. (NYSE:SLGN) have been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $51.5556.

Several research firms recently commented on SLGN. UBS Group dropped their price target on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Truist Financial dropped their target price on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $56.00 price objective (up from $55.00) on shares of Silgan in a research note on Thursday, April 30th.

Institutional Investors Weigh In On Silgan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in shares of Silgan by 1.2% in the 1st quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock valued at $2,235,000 after purchasing an additional 510 shares during the last quarter. AQR Capital Management LLC lifted its position in Silgan by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after acquiring an additional 43,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Silgan in the first quarter valued at about $54,000. NewEdge Advisors LLC increased its holdings in shares of Silgan by 332.3% in the first quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 4,965 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Silgan in the first quarter worth about $264,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Stock Performance

Shares of NYSE:SLGN opened at $46.34 on Monday. Silgan has a 52 week low of $35.68 and a 52 week high of $57.04. The stock has a market capitalization of $4.90 billion, a P/E ratio of 17.42, a PEG ratio of 2.66 and a beta of 0.66. The firm has a fifty day simple moving average of $40.13 and a two-hundred day simple moving average of $41.94. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, analysts expect that Silgan will post 3.78 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 1st. Silgan’s dividend payout ratio is currently 31.58%.

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.