Forum Financial Management LP Increases Holdings in Crown Holdings, Inc. $CCK

Forum Financial Management LP grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,359 shares of the industrial products company’s stock after acquiring an additional 406 shares during the quarter. Forum Financial Management LP’s holdings in Crown were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CCK. Invesco Ltd. increased its position in shares of Crown by 412.2% during the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after purchasing an additional 1,383,624 shares during the last quarter. Swedbank AB increased its position in shares of Crown by 114.7% during the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock valued at $131,798,000 after purchasing an additional 788,818 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Crown during the 1st quarter valued at $41,360,000. Assenagon Asset Management S.A. increased its position in shares of Crown by 4,180.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock valued at $31,688,000 after purchasing an additional 300,521 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Crown by 1,719.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company’s stock valued at $30,418,000 after purchasing an additional 279,145 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Crown Stock Down 0.2%

Shares of NYSE CCK opened at $98.81 on Friday. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The business has a 50-day simple moving average of $96.04 and a two-hundred day simple moving average of $97.84. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The company has a market cap of $11.50 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.34 and a beta of 0.73.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping 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 business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned $1.99 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCK shares. Royal Bank Of Canada raised their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial reiterated a “buy” rating and set a $126.00 price target (up previously from $118.00) on shares of Crown in a research note on Wednesday. UBS Group reiterated a “buy” rating and set a $117.00 price target on shares of Crown in a research note on Tuesday. Citigroup cut their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Finally, Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Sunday. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Crown 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.