State of Wyoming Acquires Shares of 10,854 Crown Holdings, Inc. $CCK

State of Wyoming acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,854 shares of the industrial products company’s stock, valued at approximately $1,118,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Crown in the 2nd quarter valued at $184,046,000. Invesco Ltd. grew its holdings in shares of Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares during the last quarter. Swedbank AB grew its holdings in shares of Crown by 114.7% in the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after purchasing an additional 788,818 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Crown by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock worth $260,835,000 after purchasing an additional 765,136 shares in the last quarter. Finally, Albar Capital Partners LLP bought a new position in Crown during the 2nd quarter valued at about $54,736,000. Institutional investors own 90.93% of the company’s stock.

Crown Stock Up 1.9%

NYSE:CCK opened at $97.81 on Friday. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.33 and a beta of 0.76. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The stock’s fifty day moving average price is $96.19 and its two-hundred day moving average price is $98.95. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 26.86% and a net margin of 7.79%.The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio is presently 12.87%.

Wall Street Analyst Weigh In

CCK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Monday, December 8th. Citigroup dropped their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a report on Monday, September 29th. Royal Bank Of Canada boosted their price objective on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Mizuho increased their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, UBS Group reaffirmed a “buy” rating and issued a $117.00 price target on shares of Crown in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

About Crown

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.