Thrivent Financial for Lutherans Has $2.15 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Thrivent Financial for Lutherans decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,828 shares of the industrial products company’s stock after selling 1,169 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Crown were worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCK. Rise Advisors LLC acquired a new position in Crown during the first quarter worth $27,000. Mather Group LLC. acquired a new position in shares of Crown during the 1st quarter worth about $32,000. Quarry LP raised its holdings in shares of Crown by 190.3% in the 4th quarter. Quarry LP now owns 421 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 276 shares during the period. EntryPoint Capital LLC acquired a new stake in Crown in the 1st quarter valued at about $41,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in Crown during the first quarter worth about $43,000. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 0.2 %

Shares of CCK opened at $95.72 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $96.74. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.26 and a beta of 0.85. The business’s fifty day moving average is $89.58 and its 200-day moving average is $82.91.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts anticipate that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. Crown’s payout ratio is presently 28.82%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the sale, the chief executive officer now owns 593,678 shares in the company, valued at approximately $50,480,440.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,006 shares of company stock worth $2,694,849. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCK. Morgan Stanley raised their price objective on Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on shares of Crown from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Loop Capital increased their price objective on shares of Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Bank of America lifted their target price on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, UBS Group lowered their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.14.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.