Foster & Motley Inc. Makes New Investment in Crown Holdings, Inc. $CCK

Foster & Motley Inc. acquired a new position in Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,867 shares of the industrial products company’s stock, valued at approximately $2,333,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCK. Caitong International Asset Management Co. Ltd acquired a new stake in Crown in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. lifted its stake 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. purchased a new stake in shares of Crown in the fourth quarter worth about $42,000. Smartleaf Asset Management LLC boosted its position in shares of Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after buying an additional 151 shares during the period. Finally, Root Financial Partners LLC grew its stake in shares of Crown by 23.8% in the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird boosted their price target on Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Citigroup restated a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company raised their target price on Crown from $117.00 to $127.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Price Performance

CCK opened at $116.91 on Wednesday. The company has a 50-day moving average of $112.70 and a 200-day moving average of $107.05. The company has a market capitalization of $12.72 billion, a P/E ratio of 16.82, a PEG ratio of 1.67 and a beta of 0.59. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $122.91. 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 issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.16 by $0.33. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Announces Dividend

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

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.