2,921 Shares in Crown Holdings, Inc. $CCK Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in Crown Holdings, Inc. (NYSE:CCK) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,921 shares of the industrial products company’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in shares of Crown by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 221,994 shares of the industrial products company’s stock worth $22,861,000 after buying an additional 8,429 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Crown by 541.0% in the second quarter. Nisa Investment Advisors LLC now owns 18,320 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 15,462 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Crown in the second quarter worth approximately $886,000. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Crown by 195.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 8,316 shares of the industrial products company’s stock worth $857,000 after buying an additional 5,502 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in Crown by 13.7% during the 2nd quarter. Forum Financial Management LP now owns 3,359 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 406 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCK shares. Mizuho lifted their price target on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Baird R W downgraded shares of Crown from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. Loop Capital lifted their price target on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Citigroup lowered their price target on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Finally, Wells Fargo & Company lifted their price target on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Crown has an average rating of “Moderate Buy” and an average price target of $118.08.

Crown Trading Down 2.4%

Crown stock opened at $95.31 on Thursday. The stock has a market cap of $11.09 billion, a P/E ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.73. 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 1 year low of $75.98 and a 1 year high of $109.48. The firm’s 50 day moving average price is $95.88 and its 200-day moving average price is $98.24.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, equities analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Crown 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.