Crown Holdings, Inc. $CCK Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,027 shares of the industrial products company’s stock after acquiring an additional 172 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Crown were worth $930,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in shares of Crown by 47.6% in the 1st 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 during the period. Geneos Wealth Management Inc. increased 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 worth $32,000 after buying an additional 111 shares during the period. Signaturefd LLC increased its position in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 245 shares during the last quarter. National Pension Service increased its position in shares of Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Crown by 39.4% in the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Up 0.2%

CCK stock opened at $94.61 on Wednesday. The company’s 50 day simple moving average is $99.32 and its 200-day simple moving average is $96.70. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The firm has a market capitalization of $11.01 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.44 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last announced its quarterly earnings data 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

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

Wall Street Analysts Forecast Growth

CCK has been the subject of several research reports. Truist Financial raised shares of Crown from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Crown from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their price target on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Baird R W lowered shares of Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Finally, Mizuho boosted their target price on shares of Crown from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 approximately $12,617,674.05. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,222 shares of company stock valued at $5,873,770. Corporate insiders own 0.90% of the company’s stock.

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.