Crown Holdings, Inc. $CCK Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,237 shares of the industrial products company’s stock after acquiring an additional 1,040 shares during the quarter. Park Avenue Securities LLC’s holdings in Crown were worth $642,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in Crown by 13.7% during the first quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after acquiring an additional 149,339 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,091 shares during the last quarter. GAMMA Investing LLC boosted its position in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 630 shares during the last quarter. Inspire Investing LLC acquired a new stake in Crown during the first quarter worth approximately $762,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Crown during the first quarter worth approximately $820,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares of the company’s stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction 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 in the company, valued at $12,617,674.05. This trade represents a 6.29% 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 worth $5,873,770 in the last ninety days. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on CCK shares. Mizuho lifted their price target on shares of Crown from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Wall Street Zen lowered shares of Crown from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company lifted their price target on shares of Crown from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Loop Capital lifted their price target on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, June 25th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Crown Stock Performance

Shares of CCK stock opened at $97.14 on Monday. The company’s fifty day simple moving average is $98.71 and its 200-day simple moving average is $96.90. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The company has a market cap of $11.30 billion, a PE ratio of 20.41, a P/E/G ratio of 1.49 and a beta of 0.73.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $1.81 EPS. The firm’s quarterly 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 company also recently declared 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. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown’s payout ratio is 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.