Silgan (NYSE:SLGN) Hits New 52-Week Low – Time to Sell?

Silgan Holdings Inc. (NYSE:SLGN)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $33.70 and last traded at $35.0390, with a volume of 1347330 shares trading hands. The stock had previously closed at $34.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada raised Silgan from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $51.00 to $58.00 in a report on Thursday, August 13th. BMO Capital Markets initiated coverage on Silgan in a research report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price objective for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 target price on shares of Silgan in a research note on Wednesday, July 15th. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, UBS Group set a $38.00 price target on shares of Silgan and gave the company a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.60.

Silgan Price 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 stock has a market capitalization of $3.71 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 2.05 and a beta of 0.67. The stock’s 50 day moving average is $39.51 and its two-hundred day moving average is $40.57.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.Silgan’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS. 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, equities analysts anticipate that Silgan Holdings Inc. will post 3.82 EPS for the current fiscal year.

Silgan Dividend Announcement

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

Institutional Trading of Silgan

A number of hedge funds have recently bought and sold shares of SLGN. Parkside Financial Bank & Trust grew its position in Silgan by 105.6% in the second 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 during the period. Skylands Capital LLC raised its position in Silgan by 0.9% in the first quarter. Skylands Capital LLC now owns 43,300 shares of the industrial products company’s stock valued at $1,680,000 after purchasing an additional 400 shares during the period. Oregon Public Employees Retirement Fund raised its position in Silgan by 2.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System lifted its stake in shares of Silgan by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 21,100 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 400 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Silgan in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Silgan

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.