Crown (NYSE:CCK) Given New $145.00 Price Target at Bank of America

Crown (NYSE:CCK) had its price objective hoisted by Bank of America from $129.00 to $145.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada upped their target price on Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Citigroup boosted their price objective on Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Crown in a research note on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Twelve 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 currently has an average rating of “Moderate Buy” and an average target price of $121.64.

Crown Stock Down 0.2%

CCK opened at $109.53 on Tuesday. The company has a fifty day moving average price of $102.05 and a 200-day moving average price of $104.46. The firm has a market capitalization of $12.24 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.81 and a beta of 0.60. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. Crown has a one year low of $89.21 and a one year high of $116.62.

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. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 earnings per share. 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 expect that Crown will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.3%. Crown’s payout ratio is currently 22.29%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Crown in the fourth quarter worth $158,288,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Crown during the fourth quarter valued at $127,230,000. AQR Capital Management LLC raised its position in shares of Crown by 36.9% in 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 purchasing an additional 933,938 shares during the last quarter. Invesco Ltd. boosted its stake in Crown by 33.6% in the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after purchasing an additional 886,471 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Crown by 542.2% in the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after purchasing an additional 724,620 shares in the last quarter. Hedge funds and other 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.