Silgan (NYSE:SLGN) Reaches New 12-Month Low – Here’s What Happened

Silgan Holdings Inc. (NYSE:SLGN)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $35.01 and last traded at $35.0560, with a volume of 1109526 shares traded. The stock had previously closed at $35.95.

Analyst Upgrades and Downgrades

SLGN has been the topic of a number of analyst reports. BMO Capital Markets began coverage on shares of Silgan in a research report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price objective on the stock. Weiss Ratings raised Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada raised Silgan from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $58.00 in a research note on Thursday, August 13th. Raymond James Financial restated an “outperform” rating and set a $59.00 price target on shares of Silgan in a report on Wednesday, July 15th. Finally, UBS Group set a $47.00 price objective on Silgan and gave the stock a “neutral” rating in a report on Thursday, July 30th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Silgan Stock Down 0.0%

The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $3.67 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.02 and a beta of 0.67. The company’s fifty day simple moving average is $40.38 and its 200 day simple moving average is $40.74.

Silgan (NYSE:SLGN) last announced its earnings results 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 net margin of 4.05% and a return on equity of 16.74%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter 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. Research analysts expect 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. Shareholders of record on Tuesday, September 1st were given a dividend of $0.21 per share. 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 payout ratio is presently 32.94%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Silgan during the 4th quarter valued at $30,813,000. Buckland Partners Management Co LLC bought a new position in shares of Silgan in the 2nd quarter worth about $6,439,000. Bank of America Corp DE purchased a new position in Silgan during the 2nd quarter valued at about $101,368,000. Quantinno Capital Management LP lifted its position in Silgan by 15.1% during the 1st quarter. Quantinno Capital Management LP now owns 179,341 shares of the industrial products company’s stock valued at $6,958,000 after acquiring an additional 23,485 shares during the period. Finally, Deutsche Bank AG bought a new stake in Silgan during the second quarter worth about $3,667,000. Institutional investors own 70.25% of the company’s stock.

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.