BI Asset Management Fondsmaeglerselskab A S Purchases 49,859 Shares of Crown Holdings, Inc. $CCK

BI Asset Management Fondsmaeglerselskab A S raised its position in Crown Holdings, Inc. (NYSE:CCK) by 507.9% in the fourth quarter, HoldingsChannel reports. The fund owned 59,675 shares of the industrial products company’s stock after purchasing an additional 49,859 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Crown were worth $6,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCK. Smartleaf Asset Management LLC lifted its holdings in shares of Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Crown during the third quarter worth about $29,000. ORG Partners LLC grew its holdings in shares of Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 purchasing an additional 111 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Crown during the fourth quarter worth about $42,000. Institutional investors own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $93.33 on Monday. The stock has a market cap of $10.43 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $116.62. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The stock has a fifty day moving average of $100.37 and a 200-day moving average of $103.02.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities research analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s dividend payout ratio is presently 22.29%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the transaction, the chief executive officer owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CCK. Wall Street Zen downgraded Crown from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reissued a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Royal Bank Of Canada lowered their target price on Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Truist Financial cut their price target on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, UBS Group decreased their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.