Maverick Capital Ltd. Acquires New Shares in Crown Holdings, Inc. $CCK

Maverick Capital Ltd. bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 1st quarter, Holdings Channel reports. The fund bought 11,554 shares of the industrial products company’s stock, valued at approximately $1,158,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCK. Caitong International Asset Management Co. Ltd bought a new stake in shares of Crown in the 3rd quarter valued at about $29,000. ORG Partners LLC increased its stake in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Crown during the 4th quarter worth $42,000. Finally, Smartleaf Asset Management LLC grew its stake in Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 151 shares during the period. Institutional investors own 90.93% of the company’s stock.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCK. Robert W. Baird boosted their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Truist Financial restated a “buy” rating and set a $141.00 price objective (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada boosted their price target on Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company increased their price objective on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.20.

Crown Stock Performance

CCK opened at $121.08 on Wednesday. The firm has a market capitalization of $13.53 billion, a PE ratio of 17.42, a PEG ratio of 1.66 and a beta of 0.60. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $121.90. The business’s 50-day simple moving average is $105.55 and its 200 day simple moving average is $105.40. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, sell-side analysts expect that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. Crown’s dividend payout ratio is presently 20.14%.

About Crown

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.