Silgan (NYSE:SLGN) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Silgan (NYSE:SLGN) from an outperform rating to a sector perform rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have $43.00 price objective on the industrial products company’s stock, down from their prior price objective of $49.00.

SLGN has been the topic of a number of other reports. Citigroup dropped their price objective on shares of Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Truist Financial set a $50.00 price target on shares of Silgan and gave the company a “buy” rating in a research report on Tuesday, January 6th. Zacks Research upgraded Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. UBS Group reissued a “neutral” rating and issued a $44.00 price objective (up from $42.00) on shares of Silgan in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Silgan Trading Up 0.4%

Shares of Silgan stock opened at $42.92 on Thursday. The stock has a market capitalization of $4.54 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.90 and a beta of 0.72. Silgan has a 52 week low of $36.15 and a 52 week high of $57.61. The stock has a 50 day moving average price of $40.10 and a two-hundred day moving average price of $44.24. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.27.

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

Silgan Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam J. Greenlee bought 7,000 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 328,164 shares of the company’s stock, valued at approximately $12,532,583.16. The trade was a 2.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Silgan by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,597,335 shares of the industrial products company’s stock valued at $326,761,000 after acquiring an additional 1,822,797 shares during the period. SG Americas Securities LLC increased its stake in shares of Silgan by 21,854.8% in the fourth quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock worth $47,444,000 after purchasing an additional 1,169,885 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Silgan by 131.9% in the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock worth $87,218,000 after purchasing an additional 1,153,253 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Silgan by 25.8% in the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock valued at $241,071,000 after purchasing an additional 1,148,044 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Silgan during the 2nd quarter valued at approximately $61,303,000. Institutional investors own 70.25% of the company’s stock.

About Silgan

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.