Principal Financial Group Inc. grew its position in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 250,252 shares of the industrial products company’s stock after purchasing an additional 5,025 shares during the period. Principal Financial Group Inc.’s holdings in Crown were worth $25,088,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of CCK. State Street Corp increased its position in shares of Crown by 2.1% during the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after purchasing an additional 93,045 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Crown by 19.3% during the 4th quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after acquiring an additional 670,412 shares during the period. Invesco Ltd. grew its position in shares of Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after acquiring an additional 886,471 shares during the period. Swedbank AB increased its stake in shares of Crown by 1.9% during the 4th quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after purchasing an additional 47,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crown by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,945,011 shares of the industrial products company’s stock worth $200,286,000 after purchasing an additional 215,898 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.
Crown Stock Performance
Crown stock opened at $114.73 on Tuesday. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $118.50. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $12.82 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.96 and a beta of 0.60. The firm’s 50 day simple moving average is $103.18 and its 200 day simple moving average is $104.80.
Crown Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 22.29%.
Trending Headlines about Crown
Here are the key news stories impacting Crown this week:
- Positive Sentiment: Second-quarter earnings beat Wall Street estimates, with Crown reporting $2.49 EPS versus $2.15 expected, and revenue of $3.67 billion versus $3.37 billion expected. Crown Holdings Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Management lifted FY 2026 EPS guidance to $8.30-$8.50, above the $8.10 consensus, signaling confidence in full-year profitability.
- Positive Sentiment: Operational momentum improved as global beverage can volumes rose 5%, supporting higher sales and suggesting steady demand in Crown’s core packaging business. Crown Holdings Posts Higher Sales As Global Beverage Can Volumes Rise
- Neutral Sentiment: The company’s Q3 EPS guidance of $2.20-$2.30 was slightly below the $2.25 consensus midpoint, which may limit upside as investors assess whether the strong second quarter can carry forward.
- Neutral Sentiment: Technical commentary noted a recent golden cross, which can be viewed as a constructive long-term chart signal, though it was not a direct fundamental driver. Should You Buy Crown Holdings After Golden Cross?
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Truist Financial dropped their price objective on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. DA Davidson dropped their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. BMO Capital Markets initiated coverage on Crown in a research note on Thursday. They set an “outperform” rating and a $130.00 price target for the company. Finally, JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective for the company in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.07.
Read Our Latest Research Report on Crown
Insider Buying and Selling
In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.
Crown Company Profile
Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.
Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.
Featured Stories
- Five stocks we like better than Crown
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK – Free Report).
Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.
