EP Wealth Advisors LLC Takes $218,000 Position in Crown Holdings, Inc. $CCK

EP Wealth Advisors LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,441 shares of the industrial products company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCK. Bank of New York Mellon Corp grew its stake in shares of Crown by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company’s stock worth $279,836,000 after buying an additional 167,252 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Crown by 412.2% during the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after acquiring an additional 1,383,624 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Crown by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,637,155 shares of the industrial products company’s stock worth $146,117,000 after acquiring an additional 83,523 shares during the last quarter. Northern Trust Corp increased its holdings in Crown by 13.7% in the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after purchasing an additional 149,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Crown by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 822,332 shares of the industrial products company’s stock valued at $73,401,000 after purchasing an additional 9,858 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company’s stock.

Crown Trading Up 0.5%

CCK opened at $94.53 on Wednesday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a fifty day moving average of $101.75 and a 200-day moving average of $96.22. The stock has a market cap of $11.00 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67.

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

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Crown’s payout ratio is presently 21.85%.

Analyst Ratings Changes

Several research firms have recently issued reports on CCK. Morgan Stanley upped their price objective on Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Crown from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Baird R W downgraded shares of Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Mizuho boosted their price objective on shares of Crown from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Loop Capital raised their target price on Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

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.