Silgan Holdings Inc. (NYSE:SLGN) Receives Average Rating of "Moderate Buy" from Brokerages

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $57.43.

Several research firms have weighed in on SLGN. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Silgan from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st.

Silgan Price Performance

Shares of SLGN stock traded up $0.08 on Friday, hitting $57.53. 329,958 shares of the stock traded hands, compared to its average volume of 616,098. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. Silgan has a 52 week low of $41.07 and a 52 week high of $58.14. The firm has a 50 day simple moving average of $52.87 and a two-hundred day simple moving average of $49.26. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.51 and a beta of 0.67.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Silgan had a net margin of 5.11% and a return on equity of 18.76%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Silgan's revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts predict that Silgan will post 3.6 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.19 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.32%. Silgan's dividend payout ratio (DPR) is presently 27.54%.

Institutional Investors Weigh In On Silgan

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Silgan by 256.6% during the 2nd quarter. Blue Trust Inc. now owns 592 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 426 shares during the last quarter. Versant Capital Management Inc boosted its position in Silgan by 2,838.5% in the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company's stock valued at $49,000 after buying an additional 1,107 shares during the last quarter. GAMMA Investing LLC raised its position in Silgan by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company's stock worth $50,000 after buying an additional 613 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Silgan during the 2nd quarter valued at approximately $70,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Silgan by 220.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 963 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

About Silgan

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.