Crown Holdings, Inc. (NYSE:CCK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Crown Holdings, Inc. (NYSE:CCK) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $120.6667.

CCK has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Robert W. Baird upped their target price on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their target price on Crown from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Baird R W lowered Crown from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised Crown from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 17th.

Insider Activity

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

Institutional Investors Weigh In On Crown

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 104 shares in the last quarter. Larson Financial Group LLC grew its stake in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. ProShare Advisors LLC grew its stake in Crown by 2.3% during the 2nd quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 113 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Crown by 1.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $983,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $99.42 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Crown has a twelve month low of $75.98 and a twelve month high of $109.48. The stock has a 50 day moving average of $102.93 and a two-hundred day moving average of $96.02. The stock has a market cap of $11.57 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.52 and a beta of 0.73.

Crown (NYSE:CCK) last released its earnings results 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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts forecast that Crown will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

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

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.