Y Intercept Hong Kong Ltd Acquires Shares of 13,227 Crown Holdings, Inc. $CCK

Y Intercept Hong Kong Ltd acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,227 shares of the industrial products company’s stock, valued at approximately $1,362,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted 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 valued at $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake 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 valued at $32,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC boosted 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 purchasing an additional 245 shares during the last quarter. National Pension Service boosted its stake 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 valued at $40,000 after purchasing an additional 189 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Crown in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCK. Robert W. Baird raised their target price on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial reaffirmed a “buy” rating and issued a $126.00 target price (up previously from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

Crown Stock Up 1.1%

Crown stock opened at $97.19 on Monday. The company’s 50 day simple moving average is $95.71 and its 200 day simple moving average is $98.50. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.30 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.99 earnings per share. 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, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

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

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.