Brighton Jones LLC Makes New $886,000 Investment in Crown Holdings, Inc. $CCK

Brighton Jones LLC purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the second quarter, HoldingsChannel reports. The firm purchased 8,608 shares of the industrial products company’s stock, valued at approximately $886,000.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in Crown by 19.7% during the second quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock worth $65,000 after buying an additional 104 shares during the last quarter. Larson Financial Group LLC grew its position in shares of 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 last quarter. Geneos Wealth Management Inc. grew its position in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Crown by 1.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $983,000 after purchasing an additional 114 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Crown by 4.2% in the first quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Up 0.1%

NYSE CCK opened at $98.98 on Tuesday. The business has a fifty day moving average price of $96.04 and a two-hundred day moving average price of $98.05. 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 Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The stock has a market capitalization of $11.52 billion, a PE ratio of 12.25, a PEG ratio of 1.34 and a beta of 0.73.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share 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 firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company earned $1.99 earnings per share. The company’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. Equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm 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 dividend of $0.26 per share. 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 is presently 12.87%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 13,000 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 449,056 shares in the company, valued at $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CCK has been the topic of several research reports. 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 research report on Wednesday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Mizuho upped their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Truist Financial reaffirmed a “buy” rating and issued a $126.00 target price (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Finally, UBS Group reiterated a “buy” rating and issued a $117.00 price target on shares of Crown in a research note on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

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.