Assenagon Asset Management S.A. Buys 91,215 Shares of Crown Holdings, Inc. $CCK

Assenagon Asset Management S.A. grew its position in Crown Holdings, Inc. (NYSE:CCK) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,925 shares of the industrial products company’s stock after purchasing an additional 91,215 shares during the quarter. Assenagon Asset Management S.A. owned about 0.34% of Crown worth $38,532,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Crown during the second quarter worth $184,046,000. Invesco Ltd. increased its position in Crown by 58.6% during the second quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after acquiring an additional 1,007,980 shares during the period. Swedbank AB raised its stake in Crown by 114.7% in the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after purchasing an additional 788,818 shares in the last quarter. AQR Capital Management LLC raised its stake in Crown by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock worth $260,835,000 after purchasing an additional 765,136 shares in the last quarter. Finally, Albar Capital Partners LLP bought a new stake in Crown in the 2nd quarter valued at about $54,736,000. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 1.7%

Shares of CCK stock opened at $102.57 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’s fifty day moving average price is $96.98 and its two-hundred day moving average price is $99.06. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The company has a market cap of $11.83 billion, a PE ratio of 12.69, a P/E/G ratio of 1.42 and a beta of 0.76.

Crown (NYSE:CCK) last released its quarterly earnings data 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. Crown had a return on equity of 26.86% and a net margin of 7.79%.The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted $1.99 earnings per share. Crown’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 and its FY 2025 guidance at 7.700-7.80 EPS. Equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Insider Activity at Crown

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the transaction, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCK. Royal Bank Of Canada boosted their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Raymond James Financial reissued an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Citigroup decreased their price target on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Finally, Mizuho boosted their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.08.

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.