Y Intercept Hong Kong Ltd raised its holdings in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,668 shares of the industrial products company’s stock after buying an additional 8,185 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Crown were worth $6,383,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Crown during the 3rd quarter worth approximately $29,000. ORG Partners LLC lifted its holdings in Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of Crown in the fourth quarter valued at $42,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 151 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CCK. Deutsche Bank Aktiengesellschaft started coverage on shares of Crown in a research note on Wednesday, April 1st. They set a “buy” rating and a $124.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Citigroup raised their price objective on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. DA Davidson reduced their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $120.14.
Crown Trading Down 0.1%
CCK stock opened at $113.17 on Friday. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $116.62. The company has a market capitalization of $12.65 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.60. The company’s 50-day simple moving average is $100.57 and its 200 day simple moving average is $104.05. 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:CCK – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.
Crown Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 14th. Crown’s payout ratio is presently 22.29%.
Insider Buying and Selling at Crown
In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,000 shares of company stock valued at $3,163,875 in the last three months. 0.90% of the stock is currently owned by insiders.
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.
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