Silgan (NYSE:SLGN) Shares Gap Down After Analyst Downgrade

Silgan Holdings Inc. (NYSE:SLGN)’s stock price gapped down before the market opened on Monday after Citigroup lowered their price target on the stock from $54.00 to $49.00. The stock had previously closed at $34.87, but opened at $33.70. Citigroup currently has a buy rating on the stock. Silgan shares last traded at $34.8130, with a volume of 104,480 shares changing hands.

SLGN has been the topic of a number of other reports. Weiss Ratings raised Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada upgraded Silgan from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $51.00 to $58.00 in a research report on Thursday, August 13th. BMO Capital Markets started coverage on Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price target on the stock. Raymond James Financial restated an “outperform” rating and set a $59.00 price objective on shares of Silgan in a report on Wednesday, July 15th. Finally, UBS Group set a $47.00 price objective on shares of Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

Institutional Investors Weigh In On Silgan

Several institutional investors and hedge funds have recently modified their holdings of SLGN. QRG Capital Management Inc. boosted its holdings in Silgan by 5.1% in the second quarter. QRG Capital Management Inc. now owns 28,396 shares of the industrial products company’s stock worth $1,317,000 after purchasing an additional 1,388 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Silgan by 30.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,191 shares of the industrial products company’s stock valued at $1,215,000 after buying an additional 6,125 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Silgan during the second quarter valued at about $33,000. Nykredit A S acquired a new stake in shares of Silgan in the second quarter worth about $168,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Silgan by 105.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. The company has a market cap of $3.72 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.04 and a beta of 0.67. The firm has a 50 day moving average price of $39.66 and a 200-day moving average price of $40.60.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, beating 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 business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business earned $1.01 EPS. The firm’s 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. On average, research analysts predict that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 1st. Silgan’s payout ratio is presently 32.94%.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging for consumer goods. The company produces metal containers, plastic containers, closures and dispensing systems used to package food, pet food, beverages, household products, personal-care items, chemicals, paints and other products.

Silgan’s business is organized around metal containers, closures and dispensing systems. Its products include steel cans, plastic containers, caps, lids, pumps, sprayers and other dispensing components.