Assenagon Asset Management S.A. Grows Stock Holdings in Crown Holdings, Inc. $CCK

Assenagon Asset Management S.A. raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 33.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,585 shares of the industrial products company’s stock after buying an additional 133,660 shares during the period. Assenagon Asset Management S.A. owned approximately 0.46% of Crown worth $54,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares during the period. Smartleaf Asset Management LLC increased its stake in Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the third quarter worth $29,000. Geneos Wealth Management Inc. boosted its position in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in Crown during the third quarter worth $34,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crown

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the transaction, the chief operating officer directly owned 88,052 shares in the company, valued at $10,108,369.60. This represents a 25.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the completion of the sale, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 73,758 shares of company stock valued at $8,078,508. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CCK has been the subject of a number of research analyst reports. Wolfe Research set a $115.00 price target on Crown in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Truist Financial reissued a “buy” rating and issued a $135.00 price objective (up from $130.00) on shares of Crown in a research note on Friday, February 6th. JPMorgan Chase & Co. downgraded shares of Crown from an “overweight” rating to a “neutral” rating and raised their target price for the company from $112.00 to $155.00 in a report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.21.

Crown Trading Up 0.7%

Shares of Crown stock opened at $101.50 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $116.62. The business’s fifty day moving average is $107.95 and its two-hundred day moving average is $101.36. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 1.55. The firm has a market cap of $11.49 billion, a PE ratio of 15.93, a P/E/G ratio of 1.18 and a beta of 0.70.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, beating 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 business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Crown’s previous quarterly dividend of $0.26. Crown’s dividend payout ratio is currently 21.98%.

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.