Silgan (NYSE:SLGN) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Silgan (NYSE:SLGN) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

SLGN has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Silgan in a report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price target for the company. Bank of America increased their price objective on Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group reduced their target price on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Silgan Price Performance

Silgan stock opened at $47.22 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. The company has a fifty day simple moving average of $41.27 and a 200-day simple moving average of $42.25. The stock has a market cap of $4.99 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. Silgan has a 12-month low of $35.68 and a 12-month high of $56.85.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Silgan’s revenue for the quarter was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Equities analysts expect that Silgan will post 3.79 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 1st. Silgan’s payout ratio is presently 31.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SLGN. Envestnet Portfolio Solutions Inc. boosted its stake in Silgan by 1.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 221 shares during the period. Inspire Advisors LLC grew its position in Silgan by 4.5% in the 4th quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 221 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Silgan by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 278 shares during the period. Fifth Third Bancorp raised its holdings in shares of Silgan by 37.4% during the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after buying an additional 295 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Silgan by 4.8% during the second quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock valued at $367,000 after buying an additional 308 shares during the last quarter. Hedge funds and other 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.