Teacher Retirement System of Texas Purchases 34,202 Shares of Crown Holdings, Inc. $CCK

Teacher Retirement System of Texas raised its position in Crown Holdings, Inc. (NYSE:CCK) by 32.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,928 shares of the industrial products company’s stock after acquiring an additional 34,202 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Crown worth $14,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in Crown in the second quarter valued at about $1,362,000. Transcend Capital Advisors LLC purchased a new stake in Crown in the second quarter worth about $301,000. Envestnet Asset Management Inc. increased its position in Crown by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 221,994 shares of the industrial products company’s stock worth $22,861,000 after buying an additional 8,429 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Crown by 541.0% in the second quarter. Nisa Investment Advisors LLC now owns 18,320 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 15,462 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in Crown in the second quarter worth about $886,000. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of analyst reports. Baird R W cut Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup lowered their price objective on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. 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. Finally, Robert W. Baird raised their price objective on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Stock Down 1.4%

Shares of CCK stock opened at $97.67 on Wednesday. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The stock’s fifty day moving average price is $95.99 and its 200 day moving average price is $98.16. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.35 and a beta of 0.73.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $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. On average, research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s dividend payout ratio is 12.87%.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

About Crown

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.