SG Americas Securities LLC Raises Holdings in Crown Holdings, Inc. $CCK

SG Americas Securities LLC increased its position in Crown Holdings, Inc. (NYSE:CCK) by 538.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,768 shares of the industrial products company’s stock after purchasing an additional 32,697 shares during the period. SG Americas Securities LLC’s holdings in Crown were worth $3,745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Crown by 1.6% in the second quarter. State Street Corp now owns 4,421,691 shares of the industrial products company’s stock valued at $455,346,000 after buying an additional 71,355 shares during the last quarter. Bank of New York Mellon Corp raised its position in Crown by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock valued at $339,902,000 after purchasing an additional 165,600 shares during the last quarter. Invesco Ltd. boosted its stake in 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. AQR Capital Management LLC grew its position in 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 worth $260,835,000 after purchasing an additional 765,136 shares during the last quarter. Finally, Swedbank AB increased its stake in Crown by 60.8% in the third quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock valued at $240,854,000 after purchasing an additional 943,045 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of CCK stock opened at $104.47 on Monday. 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 stock has a 50 day simple moving average of $99.55 and a 200-day simple moving average of $99.30. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.Crown’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company 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, equities analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCK. Raymond James Financial reiterated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Citigroup reduced their price objective on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Truist Financial lifted their target price on Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. UBS Group reissued a “buy” rating and issued a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada increased their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.92.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 8,476 shares of the company’s 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 transaction, the chief executive officer directly owned 440,580 shares in the company, valued at approximately $46,265,305.80. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the 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 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. This trade represents 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 currently owned by insiders.

Crown 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.