Algert Global LLC Raises Stock Position in Crown Holdings, Inc. $CCK

Algert Global LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 239.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,997 shares of the industrial products company’s stock after purchasing an additional 65,637 shares during the quarter. Algert Global LLC owned about 0.08% of Crown worth $8,983,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Crown in the second quarter valued at approximately $184,046,000. JPMorgan Chase & Co. increased its stake in Crown by 226.7% during the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after acquiring an additional 1,022,789 shares during the last quarter. Invesco Ltd. raised its position in Crown by 58.6% in the second quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock valued at $280,855,000 after purchasing an additional 1,007,980 shares during the period. Swedbank AB raised its position 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. Finally, AQR Capital Management LLC lifted its stake in shares of Crown by 36.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after purchasing an additional 933,938 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

CCK opened at $106.16 on Tuesday. The stock’s 50-day moving average price is $108.23 and its 200 day moving average price is $101.13. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $116.62. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.23 and a beta of 0.70. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55.

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

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.35 per share. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Crown’s dividend payout ratio (DPR) is currently 21.98%.

Analysts Set New Price Targets

CCK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $112.00 to $155.00 in a research report on Friday, February 6th. UBS Group set a $126.00 target price on shares of Crown and gave the company a “neutral” rating in a research report on Monday, February 9th. Wolfe Research set a $115.00 target price on shares of Crown in a research note on Friday, February 6th. Truist Financial reiterated a “buy” rating and set a $135.00 price target (up from $130.00) on shares of Crown in a research report on Friday, February 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Insider Buying and Selling

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the transaction, the chief executive officer owned 474,736 shares of the company’s stock, valued at approximately $52,539,033.12. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 82,234 shares of company stock worth $8,968,573. 0.90% of the stock is owned by company 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.