Crown (NYSE:CCK) CEO Sells $3,047,520.00 in Stock

Crown Holdings, Inc. (NYSE:CCK) CEO Timothy Donahue sold 29,024 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 411,556 shares in the company, valued at approximately $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Crown Stock Performance

Crown stock opened at $105.91 on Tuesday. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. The firm’s fifty day moving average price is $99.72 and its 200 day moving average price is $99.31.

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, beating the consensus estimate 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 the consensus estimate of $3.13 billion. During the same period last year, the firm earned $1.99 earnings per share. The company’s revenue 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. On average, research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio is 12.87%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Crown from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Mizuho lifted their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. UBS Group upped their price objective on Crown from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company increased their target price on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus price target of $119.62.

Hedge Funds Weigh In On Crown

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Crown by 45.2% in the 4th quarter. SG Americas Securities LLC now owns 56,284 shares of the industrial products company’s stock worth $5,796,000 after purchasing an additional 17,516 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Crown by 33.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 532,585 shares of the industrial products company’s stock valued at $54,840,000 after buying an additional 133,660 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in shares of Crown during the fourth quarter valued at $725,000. True Wealth Design LLC grew its position in shares of Crown by 33.6% during the fourth quarter. True Wealth Design LLC now owns 1,407 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 354 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Crown by 37.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 51,477 shares of the industrial products company’s stock worth $5,336,000 after acquiring an additional 14,093 shares during the period. Institutional investors own 90.93% of the company’s stock.

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.