Citigroup Cuts Silgan (NYSE:SLGN) Price Target to $47.00

Silgan (NYSE:SLGN) had its target price reduced by Citigroup from $49.00 to $47.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

SLGN has been the topic of a number of other research reports. UBS Group assumed coverage on Silgan in a report on Monday, November 24th. They set a “neutral” rating and a $42.00 price objective on the stock. Wells Fargo & Company lowered their price target on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Zacks Research upgraded shares of Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

Silgan Stock Performance

Shares of SLGN opened at $42.07 on Tuesday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company’s fifty day moving average is $39.60 and its 200-day moving average is $44.81. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 1.68. Silgan has a 12 month low of $36.15 and a 12 month high of $57.61.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. Silgan’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. Equities analysts expect that Silgan will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Silgan’s payout ratio is 27.21%.

Insiders Place Their Bets

In related news, CEO Adam J. Greenlee purchased 7,000 shares of Silgan stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $38.19 per share, with a total value of $267,330.00. Following the acquisition, the chief executive officer directly owned 328,164 shares in the company, valued at approximately $12,532,583.16. This trade represents a 2.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the acquisition, the chief accounting officer owned 105,321 shares in the company, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is owned by corporate insiders.

Institutional Trading of Silgan

Hedge funds have recently modified their holdings of the company. Vident Advisory LLC increased its position in shares of Silgan by 29.4% during the first quarter. Vident Advisory LLC now owns 5,373 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 1,220 shares during the period. Royal Bank of Canada boosted its stake in Silgan by 1.2% during the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after buying an additional 510 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Silgan in the 1st quarter valued at $2,507,000. AQR Capital Management LLC raised its stake in shares of Silgan by 94.7% in the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 43,338 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Silgan during the 1st quarter worth about $54,000. Institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.