American Century Companies Inc. Purchases 26,595 Shares of Crown Holdings, Inc. $CCK

American Century Companies Inc. grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 29.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,008 shares of the industrial products company’s stock after acquiring an additional 26,595 shares during the quarter. American Century Companies Inc. owned about 0.10% of Crown worth $10,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 107 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 245 shares in the last quarter. National Pension Service increased its holdings in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 189 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Crown by 88.0% during the fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 352 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Crown by 33.8% during the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the sale, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the sale, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 in the last quarter. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Crown from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Robert W. Baird upped their price target on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded Crown from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 17th. Finally, Wells Fargo & Company upped their price target on Crown from $101.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.67.

Crown Stock Up 0.6%

Shares of NYSE:CCK opened at $100.81 on Wednesday. The company has a market capitalization of $11.73 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The business has a fifty day moving average price of $103.21 and a two-hundred day moving average price of $95.66. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.29. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Crown’s dividend payout ratio is presently 21.85%.

About Crown

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.