Abacus FCF Advisors LLC Purchases 24,648 Shares of Crown Holdings, Inc. $CCK

Abacus FCF Advisors LLC grew its position in Crown Holdings, Inc. (NYSE:CCK) by 40.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 85,599 shares of the industrial products company’s stock after buying an additional 24,648 shares during the period. Abacus FCF Advisors LLC owned 0.07% of Crown worth $8,268,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 134 shares during the period. 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. Ameritas Advisory Services LLC acquired a new stake in shares of Crown during the 2nd quarter worth approximately $46,000. Cullen Frost Bankers Inc. grew its position in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after buying an additional 464 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Crown by 420.9% during the second quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock worth $62,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCK shares. Royal Bank Of Canada raised their price objective 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. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Mizuho lifted their price objective on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Truist Financial restated a “buy” rating and set a $126.00 target price (up from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Twelve equities research 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 an average rating of “Moderate Buy” and an average target price of $118.08.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 8,476 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the sale, the chief executive officer directly owned 440,580 shares of the company’s stock, valued at approximately $46,265,305.80. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer directly owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. The trade was a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Crown Stock Performance

CCK stock opened at $103.84 on Tuesday. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. The firm has a market cap of $11.98 billion, a PE ratio of 12.85, a P/E/G ratio of 1.40 and a beta of 0.76. The business’s 50-day moving average price is $98.52 and its two-hundred day moving average price is $99.24.

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

Crown Announces Dividend

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

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.