Crown (NYSE:CCK) Hits New 52-Week High After Analyst Upgrade

Crown Holdings, Inc. (NYSE:CCK)’s share price reached a new 52-week high during trading on Thursday after Raymond James Financial raised their price target on the stock from $125.00 to $135.00. Raymond James Financial currently has an outperform rating on the stock. Crown traded as high as $116.69 and last traded at $117.0760, with a volume of 549188 shares traded. The stock had previously closed at $111.55.

A number of other research analysts have also recently issued reports on the company. UBS Group decreased their target price on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Truist Financial reduced their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a report on Wednesday, July 8th. Citigroup increased their price objective on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company raised their target price on shares of Crown from $109.00 to $117.00 and gave the company an “equal weight” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.64.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Crown by 2.1% during the third quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after acquiring an additional 93,045 shares during the last quarter. AQR Capital Management LLC increased its holdings in Crown by 19.3% in the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after purchasing an additional 670,412 shares during the period. Invesco Ltd. raised its position in Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after purchasing an additional 886,471 shares during the last quarter. Swedbank AB lifted its holdings in Crown by 1.9% during the 4th quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after buying an additional 47,613 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Crown by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock worth $198,186,000 after buying an additional 32,112 shares during the period. 90.93% of the stock is owned by institutional investors.

Crown Price Performance

The stock has a market cap of $13.08 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.60. The business has a 50-day simple moving average of $102.25 and a 200 day simple moving average of $104.53. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company 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, analysts forecast that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared 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 1.2%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

About Crown

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.