HighTower Advisors LLC Buys 6,109 Shares of Crown Holdings, Inc. $CCK

HighTower Advisors LLC raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 48.7% in the 3rd quarter, Holdings Channel reports. The firm owned 18,652 shares of the industrial products company’s stock after acquiring an additional 6,109 shares during the period. HighTower Advisors LLC’s holdings in Crown were worth $1,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after buying an additional 148 shares in the last quarter. Geneos Wealth Management Inc. increased 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 worth $32,000 after acquiring an additional 111 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Crown during the 3rd quarter worth approximately $34,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Crown during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Trading Down 0.6%

Shares of CCK opened at $114.68 on Friday. The company’s fifty day simple moving average is $107.31 and its 200-day simple moving average is $100.58. The company has a market cap of $13.23 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $116.62.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.69 by $0.05. Crown had a net margin of 5.97% and a return on equity of 26.68%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm posted $1.59 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. As a group, analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCK. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and raised their target price for the company from $112.00 to $155.00 in a report on Friday, February 6th. Wall Street Zen lowered shares of Crown from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group restated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Royal Bank Of Canada upped their target price on shares of Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Truist Financial reiterated a “buy” rating and issued a $135.00 price target (up from $130.00) on shares of Crown in a research report on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the completion of the transaction, the chief executive officer owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the transaction, the chief operating officer directly owned 88,052 shares in the company, valued at $10,108,369.60. This trade represents a 25.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,988 shares of company stock worth $10,964,122. Insiders own 0.90% of the company’s stock.

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.