Assetmark Inc. Has $1.79 Million Holdings in Crown Holdings, Inc. $CCK

Assetmark Inc. raised its position in Crown Holdings, Inc. (NYSE:CCK) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,393 shares of the industrial products company’s stock after purchasing an additional 5,417 shares during the quarter. Assetmark Inc.’s holdings in Crown were worth $1,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in Crown by 103.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Crown by 105.0% during the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Crown in the third quarter worth approximately $29,000. ORG Partners LLC boosted its holdings in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 105 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Transactions at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction on 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 represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 59,734 shares of company stock worth $6,619,863. Insiders own 0.90% of the company’s stock.

Crown Stock Down 2.8%

Crown stock opened at $104.13 on Tuesday. Crown Holdings, Inc. has a fifty-two week low of $83.23 and a fifty-two week high of $116.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The firm’s 50-day simple moving average is $107.02 and its 200 day simple moving average is $102.47. The stock has a market cap of $11.69 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.05. Crown had a return on equity of 26.68% and a net margin of 5.97%.The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Research analysts predict that Crown Holdings, Inc. will post 8.03 EPS for the current fiscal year.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.35 per share. This is a boost from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 17th. Crown’s dividend payout ratio (DPR) is currently 21.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCK shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Crown in a research note on Friday, February 6th. Truist Financial lowered their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crown in a research report on Wednesday, April 1st. They set a “buy” rating and a $124.00 price target on the stock. Wolfe Research set a $115.00 price target on Crown in a report on Friday, February 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.40.

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.