Djalma Novaes, Jr. Sells 29,734 Shares of Crown (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK) COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Crown Trading Down 1.1%

NYSE:CCK opened at $114.60 on Thursday. The firm has a market cap of $13.22 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.35 and a beta of 0.73. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $116.62. The firm’s fifty day moving average is $106.80 and its 200-day moving average is $100.39.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. Crown had a return on equity of 26.68% and a net margin of 5.97%.The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $1.59 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Hedge Funds Weigh In On Crown

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after buying an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Crown in the 1st quarter worth $111,000. NewEdge Advisors LLC increased its holdings in shares of Crown by 6.3% in the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after buying an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after purchasing an additional 127,737 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCK. Mizuho increased their price target on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Truist Financial reiterated a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Crown in a report on Friday, February 6th. Wolfe Research set a $115.00 price target on shares of Crown in a report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating on shares of Crown in a research note on Friday, February 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.86.

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.