Mutual of America Capital Management LLC Reduces Position in Crown Holdings, Inc. $CCK

Mutual of America Capital Management LLC trimmed its stake in Crown Holdings, Inc. (NYSE:CCK) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,820 shares of the industrial products company’s stock after selling 19,111 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Crown were worth $13,266,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Larson Financial Group LLC raised its stake in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after buying an additional 245 shares during the period. National Pension Service lifted its stake in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after buying an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Crown during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

CCK has been the subject of several analyst reports. Raymond James Financial initiated coverage on Crown in a research note on Wednesday. They set an “outperform” rating and a $110.00 price target on the stock. UBS Group reduced their target price on Crown from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price target on Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Loop Capital upped their price objective on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and an average target price of $116.62.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the sale, the chief accounting officer directly owned 122,585 shares of the company’s stock, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock worth $5,873,770 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of NYSE:CCK opened at $94.03 on Friday. The business has a 50-day moving average of $96.36 and a two-hundred day moving average of $97.28. The firm has a market capitalization of $10.94 billion, a PE ratio of 19.75, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown’s dividend payout ratio (DPR) is currently 21.85%.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.