Crown Holdings, Inc. $CCK Shares Sold by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,650 shares of the industrial products company’s stock after selling 26,014 shares during the quarter. Crown makes up about 2.2% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 15th largest holding. Iridian Asset Management LLC CT’s holdings in Crown were worth $5,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCK. Harbor Capital Advisors Inc. boosted its stake in Crown by 103.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 134 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Mather Group LLC. bought a new position in shares of Crown during the third quarter worth about $39,000. Ameritas Advisory Services LLC bought a new position in shares of Crown during the second quarter worth about $46,000. Finally, Cullen Frost Bankers Inc. grew its stake in Crown by 3,569.2% in the second quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 464 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer directly owned 96,841 shares in the company, valued at approximately $9,782,877.82. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 8,476 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the transaction, the chief executive officer directly owned 440,580 shares of the company’s stock, valued at $46,265,305.80. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.90% of the company’s stock.

Crown Trading Up 0.9%

NYSE:CCK opened at $104.47 on Monday. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The business has a 50 day simple moving average of $99.55 and a 200 day simple moving average of $99.30. The firm has a market capitalization of $12.05 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.20 and a beta of 0.75.

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

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Wall Street Analysts Forecast Growth

CCK has been the topic of several research reports. 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 research note on Wednesday, October 22nd. Royal Bank Of Canada boosted their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen lowered Crown from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho lifted their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their target price on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and an average price target of $118.92.

Crown Profile

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.