Vestcor Inc Lowers Holdings in Crown Holdings, Inc. $CCK

Vestcor Inc reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCKFree Report) by 64.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,405 shares of the industrial products company’s stock after selling 6,191 shares during the period. Vestcor Inc’s holdings in Crown were worth $351,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Crown during the 3rd quarter worth $29,000. ORG Partners LLC boosted its position in shares of Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Crown by 45.3% in the 1st 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. Finally, BOK Financial Private Wealth Inc. acquired a new position in Crown in the 4th quarter valued at about $42,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Trading Up 4.0%

NYSE:CCK opened at $95.75 on Wednesday. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $116.62. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.52 and a beta of 0.63. The business has a fifty day moving average of $100.10 and a 200-day moving average of $103.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12.

Crown (NYSE:CCKGet Free Report) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities analysts predict that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, May 14th. Crown’s dividend payout ratio (DPR) is currently 22.29%.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the sale, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCK shares. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a report on Monday, May 18th. UBS Group decreased their target price on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Citigroup upped their price target on Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Finally, DA Davidson cut their target price on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.00.

Get Our Latest Report on CCK

Crown Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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