Crown (NYSE:CCK) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Crown (NYSE:CCK) from a buy rating to a hold rating in a research note published on Saturday.

Other equities analysts have also issued reports about the stock. Citigroup lowered their price target on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. UBS Group reissued a “buy” rating and set a $117.00 price target on shares of Crown in a research report on Tuesday, October 21st. Royal Bank Of Canada lifted their price objective on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, 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. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.62.

Crown Stock Performance

Shares of CCK stock opened at $105.91 on Friday. Crown has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.20 and a beta of 0.75. The company has a 50-day simple moving average of $99.72 and a 200 day simple moving average of $99.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16.

Crown (NYSE:CCK) last announced 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 for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. 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, sell-side analysts predict that Crown will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

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

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the sale, the chief executive officer directly owned 411,556 shares in the company, valued at approximately $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,254 shares of company stock worth $5,933,134 over the last three months. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 9,497 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Crown by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Crown in the first quarter valued at approximately $111,000. NewEdge Advisors LLC lifted its stake in Crown by 6.3% in the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after buying an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Crown by 23.7% during the first quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after acquiring an additional 127,737 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Company 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.