DA Davidson Cuts Crown (NYSE:CCK) Price Target to $107.00

Crown (NYSE:CCK) had its price objective reduced by DA Davidson from $115.00 to $107.00 in a research note released on Wednesday morning,MarketScreener reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other research analysts have also recently weighed in on CCK. Citigroup lifted their price target on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Wells Fargo & Company reduced their price target on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Finally, Bank of America reduced their price target on shares of Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

Crown Stock Performance

Shares of NYSE CCK opened at $96.16 on Wednesday. The company has a market cap of $10.75 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65. Crown has a 12 month low of $89.21 and a 12 month high of $116.62. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The company has a 50-day simple moving average of $102.69 and a 200-day simple moving average of $103.16.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the company earned $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. On average, equities analysts anticipate that Crown will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.5%. Crown’s payout ratio is presently 22.29%.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. The trade was a 25.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 52,234 shares of company stock valued at $5,832,363. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently bought and sold shares of CCK. OLD National Bancorp IN lifted its position in Crown by 507.7% in the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock worth $9,221,000 after purchasing an additional 74,814 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in Crown in the third quarter worth $15,472,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Crown by 235.5% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 25,500 shares of the industrial products company’s stock worth $2,463,000 after purchasing an additional 17,900 shares during the period. Nordea Investment Management AB lifted its position in Crown by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock worth $171,668,000 after purchasing an additional 36,540 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Crown by 84.2% during the third quarter. Thrivent Financial for Lutherans now owns 835,374 shares of the industrial products company’s stock worth $80,689,000 after acquiring an additional 381,766 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Company 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.