Nomura Asset Management Co. Ltd. Reduces Position in Crown Holdings, Inc. $CCK

Nomura Asset Management Co. Ltd. lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 95.5% in the 4th quarter, Holdings Channel reports. The fund owned 1,617 shares of the industrial products company’s stock after selling 34,600 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Crown were worth $167,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCK. Norges Bank purchased a new stake in Crown during the 4th quarter valued at about $158,288,000. JPMorgan Chase & Co. grew its stake in Crown by 226.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after acquiring an additional 1,022,789 shares in the last quarter. AQR Capital Management LLC grew its stake in Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after acquiring an additional 933,938 shares in the last quarter. LSV Asset Management grew its stake in Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock valued at $88,377,000 after acquiring an additional 724,620 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Crown during the 2nd quarter valued at about $47,214,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCK shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Friday, March 27th. Royal Bank Of Canada decreased their target price on shares of Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Wells Fargo & Company decreased their target price on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price on the stock. Finally, UBS Group decreased their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.00.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Performance

NYSE:CCK opened at $93.33 on Friday. 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 firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.54 and a beta of 0.63. The company’s 50-day moving average is $100.37 and its two-hundred day moving average is $102.96. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Analysts forecast that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s payout ratio is 22.29%.

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.