Crown (NYSE:CCK) Reaches New 52-Week High Following Analyst Upgrade

Crown Holdings, Inc. (NYSE:CCK)’s share price reached a new 52-week high on Thursday after Raymond James Financial raised their price target on the stock from $125.00 to $135.00. Raymond James Financial currently has an outperform rating on the stock. Crown traded as high as $116.69 and last traded at $117.0760, with a volume of 549188 shares. The stock had previously closed at $111.55.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a report on Monday, May 18th. UBS Group cut their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. DA Davidson decreased their target price on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their price target on Crown from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Thirteen investment 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, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Crown

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after buying an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Crown by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Crown in the first quarter valued at about $111,000. NewEdge Advisors LLC increased its position in Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after purchasing an additional 127,737 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Up 0.3%

The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.95 and a beta of 0.60. The firm’s 50 day simple moving average is $102.90 and its two-hundred day simple moving average is $104.72.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter 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. On average, equities analysts forecast that Crown Holdings, Inc. will post 8.06 EPS for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

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.