Optas LLC Takes $209,000 Position in Crown Holdings, Inc. $CCK

Optas LLC acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,026 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other large investors have also made changes to their positions in CCK. Larson Financial Group LLC lifted its position in shares of Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC lifted its position in shares of Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 245 shares in the last quarter. National Pension Service lifted its position in shares of Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Crown in the second quarter valued at about $46,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research analyst reports. Mizuho decreased their target price on Crown from $127.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Wall Street Zen downgraded Crown from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Robert W. Baird boosted their target price on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their target price on Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company boosted their target price on Crown from $101.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.25.

Insider Buying and Selling

In other news, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the transaction, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,222 shares of company stock worth $5,873,770. Insiders own 0.90% of the company’s stock.

Crown Trading Down 0.6%

Shares of NYSE CCK opened at $90.83 on Friday. The business’s 50 day moving average is $97.16 and its two-hundred day moving average is $97.15. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The stock has a market capitalization of $10.57 billion, a P/E ratio of 19.08, a PEG ratio of 1.40 and a beta of 0.73.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown’s payout ratio is presently 21.85%.

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.