Djalma Novaes, Jr. Sells 19,754 Shares of Crown (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK) COO Djalma Novaes, Jr. sold 19,754 shares of Crown stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the sale, the chief operating officer owned 96,841 shares in the company, valued at $9,782,877.82. This represents a 16.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Crown Stock Performance

NYSE CCK opened at $102.57 on Friday. The stock 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 Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The stock has a fifty day simple moving average of $96.98 and a 200-day simple moving average of $99.06. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $1.99 earnings per share. Crown’s revenue for the quarter 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 anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is 12.87%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCK. Royal Bank Of Canada boosted their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Truist Financial reissued a “buy” rating and set a $126.00 target price (up previously from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. UBS Group restated a “buy” rating and set a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Finally, Wells Fargo & Company lifted their target price on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $118.08.

Hedge Funds Weigh In On Crown

Several large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Crown in the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in Crown during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.