180 Wealth Advisors LLC acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,040 shares of the industrial products company’s stock, valued at approximately $725,000.
Several other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of 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 acquiring an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Crown by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after buying an additional 1,161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Crown during the first quarter worth $111,000. NewEdge Advisors LLC raised its position in Crown by 6.3% in the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after purchasing an additional 127,737 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CEO Timothy J. Donahue sold 29,024 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.00, for a total value of $3,047,520.00. Following the transaction, the chief executive officer owned 411,556 shares of the company’s stock, valued at $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction 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 sale, the chief operating officer owned 88,052 shares in the company, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 73,758 shares of company stock valued at $8,078,508. Insiders own 0.90% of the company’s stock.
Crown Trading Up 2.6%
Crown (NYSE:CCK – Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $3.13 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.
Crown Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.35 per share. This is an increase from Crown’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Crown’s dividend payout ratio is presently 21.98%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Royal Bank Of Canada lifted their price objective on Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Truist Financial restated a “buy” rating and set a $135.00 target price (up from $130.00) on shares of Crown in a report on Friday, February 6th. Finally, Mizuho lifted their target price on Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average price target of $125.21.
Get Our Latest Research Report on Crown
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.
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