Teachers Retirement System of The State of Kentucky Has $31.19 Million Holdings in Crown Holdings, Inc. $CCK

Teachers Retirement System of The State of Kentucky raised its position in Crown Holdings, Inc. (NYSE:CCK) by 57.8% during the first quarter, Holdings Channel reports. The firm owned 311,135 shares of the industrial products company’s stock after purchasing an additional 114,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Crown were worth $31,192,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Crown by 24.1% during the first quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after acquiring an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Crown by 39.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Crown in the 1st quarter valued at about $111,000. NewEdge Advisors LLC lifted its stake in shares of Crown by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after purchasing an additional 127,737 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Trading Up 0.1%

Shares of Crown stock opened at $111.59 on Monday. The stock has a market capitalization of $12.47 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.60. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $116.62. The stock has a 50 day moving average price of $101.60 and a two-hundred day moving average price of $104.37. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12.

Crown (NYSE:CCK) last issued its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Crown’s revenue for the quarter 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. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.3%. Crown’s dividend payout ratio is presently 22.29%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCK. DA Davidson lowered their target price on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Bank of America cut their price target on Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada raised their price objective on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Finally, Truist Financial dropped their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.29.

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.