5,709 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Pullen Investment Management LLC

Pullen Investment Management LLC bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,709 shares of the industrial products company’s stock, valued at approximately $472,000.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after buying an additional 117 shares during the period. Colonial Trust Co SC boosted its position in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock worth $62,000 after buying an additional 352 shares during the period. Venturi Wealth Management LLC boosted its position in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock worth $70,000 after buying an additional 647 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCK has been the topic of several recent research reports. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price target on shares of Crown from $109.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Truist Financial lowered their price target on shares of Crown from $107.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price target on shares of Crown from $89.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price target on shares of Crown from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.45.

Crown Stock Performance

NYSE:CCK opened at $97.08 on Friday. The company has a fifty day moving average of $90.70 and a 200-day moving average of $88.64. The firm has a market capitalization of $11.30 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $100.24.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.45. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. Crown had a net margin of 3.59% and a return on equity of 25.12%. Crown’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 EPS. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. Crown’s dividend payout ratio (DPR) is presently 22.37%.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the sale, the chief operating officer now owns 135,014 shares in the company, valued at approximately $13,096,358. The trade was a 4.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the sale, the vice president now owns 4,500 shares of the company’s stock, valued at $447,345. This trade represents a 32.13% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.