Crown Holdings, Inc. $CCK Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,249 shares of the industrial products company’s stock after selling 608 shares during the quarter. Truist Financial Corp’s holdings in Crown were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC increased its position in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC grew its stake in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after buying an additional 245 shares during the period. National Pension Service increased its holdings in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after buying an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock worth $58,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

CCK has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crown in a report on Wednesday. UBS Group reduced their target price on Crown from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Baird R W cut Crown from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. raised their price objective on Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their target price on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.25.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the business’s 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 completion of the transaction, the chief accounting officer 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. Insiders sold 58,222 shares of company stock valued at $5,873,770 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Crown Trading Down 0.6%

CCK opened at $90.83 on Friday. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $97.16 and a 200-day simple moving average of $97.21. The firm has a market cap of $10.57 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.39 and a beta of 0.73.

Crown (NYSE:CCK) last posted its 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 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 analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $1.81 EPS. Crown’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. On average, equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.26 dividend. 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 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.