2,000 Shares in Crown Holdings, Inc. $CCK Acquired by Advisory Alpha LLC

Advisory Alpha LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the industrial products company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SYM FINANCIAL Corp purchased a new stake in shares of Crown during the 2nd quarter valued at $263,000. Teacher Retirement System of Texas increased its position in Crown by 32.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 139,928 shares of the industrial products company’s stock valued at $14,410,000 after buying an additional 34,202 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Crown during the 2nd quarter valued at about $1,362,000. Transcend Capital Advisors LLC purchased a new stake in Crown in the second quarter valued at about $301,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Crown by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 221,994 shares of the industrial products company’s stock worth $22,861,000 after acquiring an additional 8,429 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 13,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and set a $115.00 price objective (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.08.

Crown Stock Performance

Shares of NYSE CCK opened at $96.02 on Friday. The company has a 50 day simple moving average of $95.78 and a two-hundred day simple moving average of $98.23. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.30 and a beta of 0.73. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.26. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Crown’s payout ratio is 12.87%.

Crown 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.