Asset Management One Co. Ltd. Has $4.60 Million Stake in Crown Holdings, Inc. $CCK

Asset Management One Co. Ltd. lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 3.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 44,628 shares of the industrial products company’s stock after selling 1,817 shares during the period. Asset Management One Co. Ltd.’s holdings in Crown were worth $4,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position 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 purchasing an additional 107 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Crown by 45.3% in the 1st 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 during the period. Signaturefd LLC lifted 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 period. National Pension Service lifted 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 period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crown in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

Crown Stock Performance

NYSE CCK opened at $97.67 on Wednesday. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.35 and a beta of 0.73. The company has a fifty day moving average price of $95.99 and a 200-day moving average price of $98.16.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $1.99 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown’s dividend payout ratio is presently 12.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCK. Bank of America boosted their target price on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Robert W. Baird boosted 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. Raymond James Financial reiterated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Truist Financial reiterated a “buy” rating and set a $126.00 target price (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

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.