Vulcan Value Partners LLC Sells 29,581 Shares of Crown Holdings, Inc. $CCK

Vulcan Value Partners LLC lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 400,303 shares of the industrial products company’s stock after selling 29,581 shares during the period. Crown accounts for about 0.8% of Vulcan Value Partners LLC’s holdings, making the stock its 24th biggest position. Vulcan Value Partners LLC’s holdings in Crown were worth $41,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. OLD National Bancorp IN increased its holdings in shares of 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 acquiring an additional 74,814 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of 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 acquiring an additional 17,900 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of 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 acquiring an additional 36,540 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Crown by 84.2% in 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. Finally, JPMorgan Chase & Co. increased its holdings in shares of Crown by 226.7% in the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after acquiring an additional 1,022,789 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the transaction, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Crown Stock Up 0.1%

CCK stock opened at $98.14 on Thursday. 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 stock has a market capitalization of $10.97 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.62 and a beta of 0.65. The business has a 50-day moving average of $101.33 and a 200-day moving average of $103.19. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $116.62.

Crown (NYSE:CCK) last posted 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 company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.Crown’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. 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, sell-side analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.4%. Crown’s dividend payout ratio is 22.29%.

Analysts Set New Price Targets

Several brokerages have issued reports on CCK. Morgan Stanley restated an “overweight” rating on shares of Crown in a report on Friday, February 6th. Truist Financial lowered their price target on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective for the company in a research report on Monday, May 18th. Finally, Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.00.

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.