Silgan (NYSE:SLGN) Stock Price Target Raised at Truist Financial

Silgan (NYSE:SLGN) had its target price upped by Truist Financial from $45.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

SLGN has been the topic of several other reports. Citigroup cut their target price on shares of Silgan from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada set a $47.00 price target on shares of Silgan and gave the company an “outperform” rating in a research report on Tuesday, October 13th. BMO Capital Markets started coverage on shares of Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price target for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 price objective on shares of Silgan in a research report on Wednesday, July 15th. Finally, Bank of America increased their price objective on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Silgan has an average rating of “Moderate Buy” and an average target price of $50.60.

Silgan Stock Performance

NYSE SLGN opened at $40.51 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.27 and a beta of 0.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.52 and a quick ratio of 0.80. The stock has a 50-day moving average of $38.35 and a two-hundred day moving average of $41.38. Silgan has a 1-year low of $33.70 and a 1-year high of $49.55.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.10 billion. Silgan had a net margin of 3.90% and a return on equity of 16.73%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. As a group, analysts anticipate that Silgan will post 3.86 EPS for the current year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors 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 annualized dividend and a yield of 2.1%. Silgan’s dividend payout ratio (DPR) is 32.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLGN. ARGA Investment Management LP grew its stake in shares of Silgan by 7.6% during the third quarter. ARGA Investment Management LP now owns 427,192 shares of the industrial products company’s stock worth $14,845,000 after purchasing an additional 30,136 shares in the last quarter. VCI Wealth Management LLC purchased a new position in Silgan in the third quarter valued at $1,375,000. State of Wyoming acquired a new stake in Silgan in the third quarter valued at $121,000. Choreo LLC raised its stake in Silgan by 3.1% in the third quarter. Choreo LLC now owns 19,970 shares of the industrial products company’s stock valued at $694,000 after buying an additional 605 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Silgan by 22.8% during the 3rd quarter. Evergreen Capital Management LLC now owns 16,206 shares of the industrial products company’s stock worth $563,000 after buying an additional 3,005 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

More Silgan News

Here are the key news stories impacting Silgan this week:

• Positive Sentiment: Q3 earnings beat estimates: Silgan reported third-quarter adjusted earnings of $1.31 per share, exceeding consensus estimates of approximately $1.25–$1.26 and rising from $1.22 a year earlier. Revenue increased 1.5% year over year to $2.04 billion. Silgan Holdings Tops Q3 Earnings Estimates
• Positive Sentiment: Full-year outlook improved: Silgan raised the midpoint of its full-year earnings estimate, signaling management expects profit performance to remain resilient despite mixed operating conditions. Silgan Announces Third Quarter 2026 Results
• Positive Sentiment: Analysts raised targets and maintained bullish ratings: Truist Financial increased its price target from $45 to $46 while reiterating a “Buy” rating. Royal Bank of Canada raised its target from $47 to $48 and assigned an “Outperform” rating. The revised targets imply approximately 13.6% to 18.5% upside from the referenced share price. Truist Adjusts Silgan Price Target
• Negative Sentiment: Revenue missed expectations: Quarterly sales of $2.04 billion fell short of the approximately $2.10 billion analyst consensus, highlighting softer-than-expected demand or operating trends even as profitability exceeded forecasts. Silgan Misses Q3 Revenue Estimates

About Silgan

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.