Cookson Peirce & Co. Inc. Buys Shares of 70,408 Crown Holdings, Inc. $CCK

Cookson Peirce & Co. Inc. bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 70,408 shares of the industrial products company’s stock, valued at approximately $7,251,000. Cookson Peirce & Co. Inc. owned 0.06% of Crown as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Crown by 47.6% in the first 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 period. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC grew its stake in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 245 shares in the last quarter. National Pension Service grew its stake in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Crown during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares in the company, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is owned by insiders.

Crown Stock Performance

NYSE CCK opened at $99.51 on Wednesday. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a market capitalization of $11.58 billion, a P/E ratio of 12.32, a PEG ratio of 1.35 and a beta of 0.73. The business has a 50 day moving average price of $96.19 and a 200 day moving average price of $97.43. 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 (NYSE:CCK) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $1.99 EPS. Crown’s quarterly revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, August 7th. Crown’s dividend payout ratio is 21.85%.

Analyst Ratings Changes

CCK has been the subject of several analyst reports. Robert W. Baird boosted their target price on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. UBS Group reissued a “buy” rating and issued a $117.00 target price on shares of Crown in a report on Tuesday. Citigroup reduced their target price on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a report on Monday, September 29th. Bank of America boosted their target price on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.92.

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.