Belpointe Asset Management LLC Makes New $265,000 Investment in Crown Holdings, Inc. $CCK

Belpointe Asset Management LLC purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the second quarter, according to its most recent filing with the SEC. The firm purchased 2,576 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other large investors have also recently bought and sold shares of the business. OLD National Bancorp IN acquired a new stake in Crown during the 2nd quarter worth about $234,000. QRG Capital Management Inc. acquired a new stake in Crown during the 2nd quarter worth about $854,000. Ameritas Advisory Services LLC acquired a new stake in Crown during the 2nd quarter worth about $46,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 1,649.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,376 shares of the industrial products company’s stock valued at $3,231,000 after buying an additional 29,583 shares during the period. Finally, J. Safra Sarasin Holding AG grew its stake in shares of Crown by 373.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 23,688 shares of the industrial products company’s stock valued at $2,439,000 after buying an additional 18,688 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the transaction, the chief accounting officer owned 122,585 shares of the company’s stock, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $90.83 on Friday. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.39 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The firm’s 50-day simple moving average is $97.16 and its 200 day simple moving average is $97.21.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm earned $1.81 EPS. The firm’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. As a group, research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given 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 dividend yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 21.85%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday. Citigroup reduced their target price on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Mizuho reduced their target price on Crown from $127.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Bank of America raised 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. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.25.

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.