Allspring Global Investments Holdings LLC Buys 64,987 Shares of Crown Holdings, Inc. $CCK

Allspring Global Investments Holdings LLC raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 25.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 320,650 shares of the industrial products company’s stock after purchasing an additional 64,987 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.28% of Crown worth $33,405,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after acquiring an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Crown in the first quarter worth $111,000. NewEdge Advisors LLC boosted its holdings 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 acquiring an additional 351 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Crown by 23.7% during 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 period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 29,024 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were 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 of the company’s stock, valued at approximately $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,758 shares of company stock worth $8,078,508 in the last quarter. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of NYSE CCK opened at $102.84 on Friday. The firm’s 50-day moving average price is $107.67 and its 200-day moving average price is $101.57. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $116.62. The company has a market cap of $11.54 billion, a PE ratio of 16.14, a PEG ratio of 1.22 and a beta of 0.75. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 1.55.

Crown (NYSE:CCK) last released its quarterly earnings data 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. Crown had a net margin of 5.97% and a return on equity of 26.68%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The firm’s quarterly 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. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 annualized dividend and a yield of 1.4%. Crown’s payout ratio is 21.98%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CCK. Mizuho raised their price objective on shares of Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Wall Street Zen lowered Crown from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Wolfe Research set a $115.00 price target on Crown in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a report on Wednesday. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Crown from $120.00 to $111.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Twelve equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

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.