Crown (NYSE:CCK) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Crown (NYSE:CCK) to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Several other research firms have also recently issued reports on CCK. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a research note on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. DA Davidson lowered their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. UBS Group dropped their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price objective on Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $124.07.

Crown Stock Up 0.3%

NYSE:CCK opened at $117.36 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The firm has a market cap of $13.11 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.96 and a beta of 0.60. Crown has a fifty-two week low of $89.21 and a fifty-two week high of $118.50. The firm has a 50-day simple moving average of $102.90 and a two-hundred day simple moving average of $104.72.

Crown (NYSE:CCK) last issued its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Analysts predict that Crown will post 8.06 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s dividend payout ratio is presently 22.29%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares of the company’s stock, valued at $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC lifted its stake in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after buying an additional 91 shares during the period. Parallel Advisors LLC increased its position in shares of Crown by 12.5% in the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 104 shares during the period. ORG Partners LLC raised its stake in Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Finally, Siemens Fonds Invest GmbH lifted its position in Crown by 7.7% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 116 shares during the period. 90.93% of the stock is currently owned by institutional investors.

About Crown

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.