Crown (NYSE:CCK) COO Sells $3,413,463.20 in Stock

Crown Holdings, Inc. (NYSE:CCK) COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value 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. This represents a 25.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Crown Trading Up 0.8%

NYSE CCK opened at $115.43 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $107.06 and a 200 day simple moving average of $100.49. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $116.62. The firm has a market capitalization of $13.31 billion, a P/E ratio of 18.12, a PEG ratio of 1.34 and a beta of 0.73.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm earned $1.59 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. On average, analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CCK. Royal Bank Of Canada boosted their target price on Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Wolfe Research set a $115.00 price objective on Crown in a research report on Friday, February 6th. Wall Street Zen downgraded Crown from a “buy” rating to a “hold” rating in a research note on Monday. Mizuho lifted their target price on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Truist Financial restated a “buy” rating and set a $135.00 price target (up from $130.00) on shares of Crown in a research report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

Institutional Investors Weigh In On Crown

Several large investors have recently added to or reduced their stakes in CCK. State Street Corp raised its holdings in Crown by 2.1% during the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after acquiring an additional 93,045 shares during the period. AQR Capital Management LLC grew its holdings in Crown by 19.3% during the 4th quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after buying an additional 670,412 shares in the last quarter. Invesco Ltd. increased its position in shares of Crown by 33.6% during the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after buying an additional 886,471 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Crown by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock worth $339,902,000 after buying an additional 165,600 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Crown by 5.3% in the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after acquiring an additional 149,700 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.