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 report released on Monday morning.

Several other research analysts have also weighed in on CCK. Truist Financial reissued a “buy” rating and set a $135.00 price target (up from $130.00) on shares of Crown in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on Crown from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. JPMorgan Chase & Co. cut shares of Crown from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $155.00 in a report on Friday, February 6th. UBS Group set a $126.00 price objective on shares of Crown and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

Crown Stock Down 1.1%

CCK stock opened at $114.60 on Monday. The firm has a market cap of $13.22 billion, a PE ratio of 17.99, a P/E/G ratio of 1.35 and a beta of 0.73. Crown has a 12 month low of $75.98 and a 12 month high of $116.62. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $106.80 and a 200 day simple moving average of $100.39.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.05. Crown had a return on equity of 26.68% and a net margin of 5.97%.The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $1.59 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities research analysts forecast that Crown will post 6.96 earnings per share for the current fiscal year.

Insider Activity at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 29,024 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 101,988 shares of company stock worth $10,964,122. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

A number of institutional investors have recently made changes to their positions in CCK. State Street Corp grew its holdings in Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after buying an additional 93,045 shares during the last quarter. AQR Capital Management LLC increased its position in Crown by 19.3% during the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock worth $426,086,000 after acquiring an additional 670,412 shares during the period. Invesco Ltd. raised its stake in Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after purchasing an additional 886,471 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Crown by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock valued at $339,902,000 after purchasing an additional 165,600 shares during the period. Finally, Franklin Resources Inc. grew its position in Crown by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock worth $287,823,000 after purchasing an additional 149,700 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

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.