Nomura Holdings Inc. purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,380 shares of the industrial products company’s stock, valued at approximately $2,039,000.

Other hedge funds also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC acquired a new stake in shares of Crown during the third quarter worth approximately $31,000. HM Payson & Co. acquired a new stake in shares of Crown during the second quarter worth approximately $31,000. Rockefeller Capital Management L.P. grew its position in shares of Crown by 53.2% during the second quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock worth $42,000 after buying an additional 240 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Crown during the second quarter worth approximately $42,000. Finally, Whittier Trust Co. acquired a new stake in shares of Crown during the third quarter worth approximately $57,000. 93.22% of the stock is owned by institutional investors and hedge funds.

In other news, VP David A. Beaver sold 1,200 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $75.68, for a total transaction of $90,816.00. Also, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $74.41, for a total transaction of $744,100.00. Following the transaction, the chief operating officer now directly owns 152,292 shares of the company’s stock, valued at approximately $11,332,047.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,450 shares of company stock valued at $1,284,760. 1.90% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Wells Fargo & Co raised their price target on shares of Crown from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Crown from a “sell” rating to a “hold” rating and set a $67.00 price objective for the company in a report on Tuesday, September 10th. BMO Capital Markets lifted their price objective on shares of Crown from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Deutsche Bank lifted their price objective on shares of Crown from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.33.

Crown stock opened at $71.74 on Friday. The company has a market cap of $9.78 billion, a PE ratio of 13.80, a P/E/G ratio of 2.05 and a beta of 1.55. The company has a fifty day moving average price of $73.93 and a two-hundred day moving average price of $65.72. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.12 and a quick ratio of 0.64. Crown Holdings, Inc. has a 12 month low of $39.05 and a 12 month high of $78.29.

Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.01). The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.19 billion. Crown had a return on equity of 41.91% and a net margin of 4.10%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. Equities research analysts anticipate that Crown Holdings, Inc. will post 5.02 earnings per share for the current year.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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