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

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $58.14.

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th.

Institutional Investors Weigh In On Silgan

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in Silgan by 87.7% in the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company's stock worth $329,619,000 after purchasing an additional 2,932,680 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Silgan in the second quarter valued at $19,666,000. Weiss Asset Management LP acquired a new stake in Silgan during the third quarter worth about $11,422,000. Dimensional Fund Advisors LP lifted its stake in shares of Silgan by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company's stock valued at $125,404,000 after purchasing an additional 204,384 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Silgan by 202.3% during the 3rd quarter. Two Sigma Advisers LP now owns 247,900 shares of the industrial products company's stock worth $13,015,000 after acquiring an additional 165,900 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Price Performance

Shares of Silgan stock traded down $0.09 during trading on Thursday, hitting $52.87. The stock had a trading volume of 473,431 shares, compared to its average volume of 594,581. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.44 and a beta of 0.69. Silgan has a 12 month low of $41.14 and a 12 month high of $58.14. The business's 50-day moving average is $54.00 and its 200 day moving average is $50.27. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24.

Silgan (NYSE:SLGN - Get Free Report) last issued 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 return on equity of 18.76% and a net margin of 5.11%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Silgan will post 3.6 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. Silgan's payout ratio is 27.54%.

Silgan Company Profile

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.