Foster & Motley Inc. Purchases Shares of 8,346 Crown Holdings, Inc. $CCK

Foster & Motley Inc. purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,346 shares of the industrial products company’s stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also modified their holdings of CCK. Norges Bank acquired a new stake in Crown during the second quarter worth about $184,046,000. Invesco Ltd. grew its stake in shares of Crown by 58.6% during the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares during the period. Swedbank AB grew its stake in shares of Crown by 60.8% during the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after purchasing an additional 943,045 shares during the period. AQR Capital Management LLC increased its holdings in shares of Crown by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock valued at $260,835,000 after purchasing an additional 765,136 shares in the last quarter. Finally, Albar Capital Partners LLP acquired a new position in shares of Crown in the 2nd quarter valued at $54,736,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $104.47 on Friday. The stock has a 50 day moving average of $99.55 and a two-hundred day moving average of $99.37. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The firm has a market cap of $12.05 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. 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 released its 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 business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCK. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Mizuho lifted 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. Wells Fargo & Company increased their price target on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wall Street Zen lowered Crown from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank Of Canada upped their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus target price of $118.92.

Insiders Place Their Bets

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

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.