Edgestream Partners L.P. Acquires Shares of 22,925 Crown Holdings, Inc. $CCK

Edgestream Partners L.P. bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,925 shares of the industrial products company’s stock, valued at approximately $2,361,000.

A number of other hedge funds also recently bought and sold shares of CCK. Schroder Investment Management Group lifted its holdings in Crown by 254.0% in the 2nd quarter. Schroder Investment Management Group now owns 29,425 shares of the industrial products company’s stock worth $3,030,000 after buying an additional 21,112 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in Crown by 538.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 201,664 shares of the industrial products company’s stock worth $20,767,000 after acquiring an additional 170,102 shares during the period. Norges Bank bought a new stake in Crown in the second quarter valued at $184,046,000. State Board of Administration of Florida Retirement System increased its position in Crown by 0.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 107,200 shares of the industrial products company’s stock valued at $11,039,000 after purchasing an additional 770 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Crown during the 2nd quarter valued at $783,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

CCK stock opened at $98.52 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.35 and a beta of 0.76. The firm has a 50 day moving average price of $96.26 and a 200-day moving average price of $99.03. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 26.86% and a net margin of 7.79%.The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $1.99 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio is 12.87%.

Analyst Ratings Changes

Several research firms have recently commented on CCK. Royal Bank Of Canada raised their target price on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. UBS Group restated a “buy” rating and issued a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research note on Monday. Finally, Mizuho lifted their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.