Silgan Holdings Inc. (NYSE:SLGN) Receives $53.13 Consensus PT from Brokerages

Silgan Holdings Inc. (NYSE:SLGN) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $53.13.

Several equities research analysts have commented on the stock. Truist Financial upped their price objective on shares of Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Wells Fargo & Company upped their price target on shares of Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Citigroup raised their target price on shares of Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their price target on Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Raymond James upped their price objective on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st.

Insider Activity

In related news, VP B Frederik Prinzen sold 4,684 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $205,580.76. Following the completion of the transaction, the vice president now directly owns 8,613 shares in the company, valued at approximately $378,024.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.08% of the company’s stock.

Institutional Investors Weigh In On Silgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in shares of Silgan during the 4th quarter valued at $30,000. Quent Capital LLC increased its stake in shares of Silgan by 94.9% in the fourth quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 505 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Silgan by 92.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,120 shares of the industrial products company’s stock valued at $48,000 after buying an additional 538 shares in the last quarter. Headlands Technologies LLC bought a new position in Silgan in the 3rd quarter worth $70,000. Finally, Blue Trust Inc. boosted its holdings in Silgan by 4,440.4% in the 4th quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after buying an additional 2,087 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Stock Performance

Shares of Silgan stock opened at $47.12 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The company has a market cap of $5.03 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.58 and a beta of 0.68. The business has a 50 day moving average price of $45.71 and a 200-day moving average price of $43.86. Silgan has a 52 week low of $38.11 and a 52 week high of $54.92.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Silgan had a return on equity of 20.29% and a net margin of 5.44%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities analysts anticipate that Silgan will post 3.67 earnings per share for the current fiscal year.

Silgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.19 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from Silgan’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.61%. Silgan’s payout ratio is 25.50%.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.