Brokerages Set Crown Holdings, Inc. (NYSE:CCK) Target Price at $120.67

Crown Holdings, Inc. (NYSE:CCK) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $120.25.

A number of brokerages have commented on CCK. Morgan Stanley lifted their target price on Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Truist Financial upgraded Crown from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Friday, September 5th. UBS Group lifted their target price on Crown from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Bank of America lifted their target price on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th.

Insider Activity at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of Crown 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 owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the sale, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock worth $5,873,770 in the last 90 days. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crown

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Crown by 19.7% during the second quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $65,000 after buying an additional 104 shares during the last quarter. Larson Financial Group LLC lifted 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 worth $30,000 after acquiring an additional 107 shares during the period. Geneos Wealth Management Inc. raised its holdings in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. ProShare Advisors LLC raised its holdings in Crown by 2.3% during the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 113 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Crown by 1.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 0.6%

Shares of NYSE CCK opened at $96.52 on Friday. The stock’s 50 day moving average price is $98.54 and its two-hundred day moving average price is $96.95. Crown has a 52-week low of $75.98 and a 52-week high of $109.48. The stock has a market capitalization of $11.23 billion, a P/E ratio of 20.28, a PEG ratio of 1.49 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 announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm 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. Crown’s revenue for the quarter 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, analysts anticipate that Crown will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid 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%.

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.