Crown Holdings, Inc. $CCK Shares Purchased by Cwm LLC

Cwm LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 73.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 72,075 shares of the industrial products company’s stock after purchasing an additional 30,488 shares during the period. Cwm LLC’s holdings in Crown were worth $6,962,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Harbor Capital Advisors Inc. raised its position in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after buying an additional 134 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Crown in the 2nd quarter valued at about $46,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 464 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Crown by 420.9% during the 2nd quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

CCK has been the subject of several recent research reports. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Monday. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Mizuho lifted their target price on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Insiders Place Their Bets

In related news, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the sale, the chief operating officer owned 96,841 shares in the company, valued at approximately $9,782,877.82. The trade was a 16.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 8,476 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the sale, the chief executive officer owned 440,580 shares in the company, valued at $46,265,305.80. This represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Crown Stock Up 0.0%

Shares of CCK opened at $103.78 on Wednesday. The company’s 50-day moving average price is $98.61 and its 200 day moving average price is $99.27. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. The firm has a market cap of $11.97 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76.

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

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Crown’s payout ratio is presently 12.87%.

Crown Company 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.