Allspring Global Investments Holdings LLC Grows Stock Holdings in Crown Holdings, Inc. $CCK

Allspring Global Investments Holdings LLC grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,650 shares of the industrial products company’s stock after acquiring an additional 64,987 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Crown were worth $33,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Crown by 226.7% during the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after buying an additional 1,022,789 shares during the last quarter. Invesco Ltd. boosted its stake in Crown by 58.6% during the second quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock valued at $280,855,000 after buying an additional 1,007,980 shares during the last quarter. Swedbank AB increased its stake in Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after acquiring an additional 943,045 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after acquiring an additional 933,938 shares in the last quarter. Finally, Albar Capital Partners LLP bought a new position in shares of Crown during the 2nd quarter valued at approximately $54,736,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CCK. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. JPMorgan Chase & Co. downgraded shares of Crown from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $112.00 to $155.00 in a report on Friday, February 6th. Wolfe Research set a $115.00 target price on shares of Crown in a research report on Friday, February 6th. UBS Group set a $126.00 price target on shares of Crown and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen cut Crown from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $125.13.

Insider Activity at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the transaction, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the transaction, the chief executive officer directly owned 474,736 shares of the company’s stock, valued at $52,539,033.12. This trade represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,758 shares of company stock valued at $8,078,508 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of CCK stock opened at $102.84 on Friday. The company has a market capitalization of $11.54 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.22 and a beta of 0.75. The company’s 50-day simple moving average is $107.67 and its two-hundred day simple moving average is $101.57. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $116.62. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66.

Crown (NYSE:CCK) last posted its quarterly earnings results 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 the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s 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, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.35 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. This is an increase from Crown’s previous quarterly dividend of $0.26. Crown’s dividend payout ratio (DPR) is presently 21.98%.

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.