Silgan (NYSE:SLGN) Sets New 12-Month Low – What’s Next?

Silgan Holdings Inc. (NYSE:SLGN)’s stock price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $35.66 and last traded at $35.32, with a volume of 837013 shares traded. The stock had previously closed at $37.15.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SLGN shares. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 price target on shares of Silgan in a research note on Wednesday, July 15th. BMO Capital Markets began coverage on Silgan in a research note on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective for the company. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Bank of America raised their price objective on shares of Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, UBS Group set a $47.00 price target on Silgan and gave the company a “neutral” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Silgan Stock Up 1.3%

The stock has a market cap of $3.79 billion, a P/E ratio of 14.08, a P/E/G ratio of 2.06 and a beta of 0.68. The firm’s fifty day moving average is $41.22 and its 200 day moving average is $40.95. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, equities research analysts forecast that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%. Silgan’s dividend payout ratio is presently 32.94%.

Hedge Funds Weigh In On Silgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLGN. BlackRock Inc. acquired a new stake in shares of Silgan in the second quarter valued at $369,406,000. Bank of America Corp DE acquired a new stake in shares of Silgan during the 2nd quarter worth approximately $101,368,000. Jupiter Topco LLC bought a new position in Silgan in the second quarter valued at approximately $62,526,000. Atlas FRM LLC acquired a new stake in shares of Silgan during the second quarter worth $48,245,600. Finally, Bank of New York Mellon Corp bought a new position in Silgan during the second quarter worth about $38,851,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Company Profile

Silgan Holdings Inc is a manufacturer of rigid packaging products serving consumer goods companies in North America, Europe and other international markets. The company’s packaging is used for food, beverages, household products, personal care items, health care products, chemicals and other consumer and industrial applications.

Silgan operates through three principal business areas: metal containers, dispensing and specialty closures, and custom containers. Its products include steel and aluminum cans for food and general-line applications, aerosol containers, plastic containers, metal and plastic closures, dispensing systems, and custom-molded plastic packaging.