Mirae Asset Global Investments Co. Ltd. Buys 15,145 Shares of Crown Holdings, Inc. $CCK

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 46.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,704 shares of the industrial products company’s stock after acquiring an additional 15,145 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Crown were worth $4,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Parcion Private Wealth LLC bought a new position in shares of Crown during the fourth quarter worth about $253,000. Cornerstone Wealth Group LLC bought a new position in shares of Crown during the fourth quarter worth about $334,000. CWM LLC raised its position in shares of Crown by 11.7% during the fourth quarter. CWM LLC now owns 80,511 shares of the industrial products company’s stock worth $8,290,000 after acquiring an additional 8,436 shares during the last quarter. Hixon Zuercher LLC bought a new position in shares of Crown during the fourth quarter worth about $2,418,000. Finally, Childress Capital Advisors LLC bought a new position in shares of Crown during the fourth quarter worth about $806,000. 90.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CCK shares. Wall Street Zen downgraded Crown from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada raised their price objective on Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Morgan Stanley restated an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Truist Financial lowered their price objective on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $112.00 to $155.00 in a report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.40.

Insider Buying and Selling

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 59,734 shares of company stock valued at $6,619,863. 0.90% of the stock is currently owned by corporate insiders.

Crown Trading Down 0.7%

Shares of CCK stock opened at $103.50 on Wednesday. The company has a market cap of $11.62 billion, a P/E ratio of 16.25, a PEG ratio of 1.71 and a beta of 0.75. The stock has a 50 day simple moving average of $106.86 and a two-hundred day simple moving average of $102.52. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. Crown Holdings, Inc. has a fifty-two week low of $84.85 and a fifty-two week high of $116.62.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. Crown had a return on equity of 26.68% and a net margin of 5.97%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Research analysts forecast that Crown Holdings, Inc. will post 8.03 earnings per share for the current year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.35 dividend. The ex-dividend date was Tuesday, March 17th. This is an increase from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Crown’s dividend payout ratio is presently 21.98%.

Crown 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.