Silgan (SLGN) Stock Price, News & Analysis

Company Overview

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Custom Containers segment manufactures and sells custom designed and stock plastic containers for use in personal care and health care; food and beverage; household and industrial chemical; pharmaceutical; pet food and care; agricultural; automotive. This segment also provides thermoformed barrier and non-barrier bowls, and trays for food products, such as soups, other ready-to-eat meals, and pet food products; and plastic closures, caps, sifters, and fitments, as well as thermoformed tubs for food, household, and personal care products. The company markets its products primarily through direct sales force, as well as through a network of distributors, and an online shopping catalog. The company was founded in 1987 and is headquartered in Stamford, Connecticut.

Key Stats

• Today's Range: $55.70 to $56.78
• 50-Day Range: $50.58 to $56.53
• 52-Week Range: $40.88 to $56.78
• Volume: 544,771 shs
• Average Volume: 628,878 shs
• Market Capitalization: $6.04 billion
• P/E Ratio: 20.48
• Dividend Yield: 1.34%
• Price Target: $57.43
• Consensus Rating: Moderate Buy

Silgan Stock Analysis - MarketRank™

Silgan scored higher than 72% of companies evaluated by MarketBeat, and ranked 78th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Silgan has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Silgan has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.89%

Earnings Growth

Earnings for Silgan are expected to grow by 13.89% in the coming year, from $3.60 to $4.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Silgan is 20.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Silgan is 20.48, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.36.

Price to Earnings Growth Ratio

Silgan has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Silgan has a P/B Ratio of 2.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.29% of the float of Silgan has been sold short.

Short Interest Ratio / Days to Cover

Silgan has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Silgan has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Silgan pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Silgan has been increasing its dividend for 21 years.

Dividend Coverage

The dividend payout ratio of Silgan is 27.54%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Silgan will have a dividend payout ratio of 18.54% next year. This indicates that Silgan will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.29% of the float of Silgan has been sold short.

Short Interest Ratio / Days to Cover

Silgan has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Silgan has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.63

News Sentiment

Silgan has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Silgan this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for SLGN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

2 people have added Silgan to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Silgan insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.39% of the stock of Silgan is held by insiders.

Percentage Held by Institutions

70.25% of the stock of Silgan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SLGN Stock Analysis - Frequently Asked Questions

How have SLGN shares performed this year?

Silgan's stock was trading at $45.25 at the start of the year. Since then, SLGN stock has increased by 24.9% and is now trading at $56.53.
View the best growth stocks for 2024 here.

How were Silgan's earnings last quarter?

Silgan Holdings Inc. (NYSE:SLGN) posted its quarterly earnings data on Wednesday, October, 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by $0.02. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year.

When did Silgan's stock split?

Shares of Silgan split on the morning of Monday, May 29th 2017. The 2-1 split was announced on Thursday, May 4th 2017. The newly created shares were issued to shareholders after the market closes on Friday, May 26th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Silgan have any subsidiaries?

Silgan subsidiaries include Easytech Closures S.p.A., Unicep Packaging LLC., Gateway Plastics LLC, Cobra Plastics, WestRock - Closures and Dispensing Systems Operations, Injected Plastics - Plastic Closures Operations, Van Can Company - Metal Container Manufacturing Assets, and others.

Who are Silgan's major shareholders?

Top institutional investors of Silgan include FMR LLC (5.88%), Allspring Global Investments Holdings LLC (2.44%), Wellington Management Group LLP (2.40%) and State Street Corp (2.34%). Insiders that own company stock include Anthony J Allott, Robert B Lewis, Jay A Martin, Thomas James Snyder, Joseph M Jordan, Stacey J Mcgrath and B Frederik Prinzen.
View institutional ownership trends.

How do I buy shares of Silgan?

Shares of SLGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Silgan own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Silgan investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), Intel (INTC) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Last Earnings: 10/30/2024
• Today: 11/23/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Metal cans
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:SLGN
• CUSIP: 82704810
• CIK: 849869
• Web: www.silganholdings.com
• Phone: (203) 975-7110
• Fax: 203-975-7902
• Employees: 14,400
• Year Founded: 1987

Price Target and Rating

• Average Stock Price Target: $57.43
• High Stock Price Target: $60.00
• Low Stock Price Target: $53.00
• Potential Upside/Downside: +1.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.76
• Trailing P/E Ratio: 20.48
• Forward P/E Ratio: 15.70
• P/E Growth: 1.46
• Net Income: $325.96 million
• Net Margins: 5.11%
• Pretax Margin: 6.62%
• Return on Equity: 18.76%
• Return on Assets: 4.76%

Debt

• Debt-to-Equity Ratio: 1.24
• Current Ratio: 1.09
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $5.99 billion
• Price / Sales: 1.01
• Cash Flow: $5.92 per share
• Price / Cash Flow: 9.55
• Book Value: $19.23 per share
• Price / Book: 2.94

Miscellaneous

• Outstanding Shares: 106,790,000
• Free Float: 105,311,000
• Market Cap: $6.04 billion
• Optionable: Optionable
• Beta: 0.67