Prudential Financial Inc. Buys 79,291 Shares of Crown Holdings, Inc. $CCK

Prudential Financial Inc. grew its position in Crown Holdings, Inc. (NYSE:CCK) by 35.1% in the second quarter, Holdings Channel reports. The fund owned 305,043 shares of the industrial products company’s stock after acquiring an additional 79,291 shares during the quarter. Prudential Financial Inc.’s holdings in Crown were worth $31,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCK. Kestra Private Wealth Services LLC bought a new position in Crown in the first quarter valued at about $255,000. Choreo LLC raised its holdings in Crown by 57.0% in the 1st quarter. Choreo LLC now owns 4,670 shares of the industrial products company’s stock valued at $418,000 after buying an additional 1,695 shares during the last quarter. Cetera Investment Advisers boosted its position in Crown by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 9,786 shares of the industrial products company’s stock worth $874,000 after buying an additional 1,985 shares during the period. Assetmark Inc. grew its holdings in Crown by 12,839.1% during the 1st quarter. Assetmark Inc. now owns 11,904 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 11,812 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Crown in the 1st quarter valued at approximately $5,044,000. Institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCK. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Mizuho upped their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. UBS Group reissued a “buy” rating and issued a $117.00 price target on shares of Crown in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company upped their target price on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.08.

Crown Stock Performance

Shares of Crown stock opened at $95.26 on Tuesday. The business has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $99.09. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The company has a market cap of $10.99 billion, a P/E ratio of 11.79, a PEG ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business 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. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio is presently 12.87%.

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.