Crown Holdings, Inc. $CCK Shares Newly Purchased by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp purchased a new position in Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 4,400 shares of the industrial products company’s stock, valued at approximately $464,000.

A number of other large investors have also recently made changes to their positions in the business. Citizens Financial Group Inc. RI bought a new position in Crown in the 3rd quarter valued at about $646,000. Iridian Asset Management LLC CT boosted its position in shares of Crown by 0.6% during the third quarter. Iridian Asset Management LLC CT now owns 45,211 shares of the industrial products company’s stock valued at $4,766,000 after buying an additional 280 shares during the last quarter. Inspire Investing LLC grew its holdings in Crown by 297.9% during the third quarter. Inspire Investing LLC now owns 23,467 shares of the industrial products company’s stock worth $2,474,000 after buying an additional 17,570 shares in the last quarter. MBL Wealth LLC bought a new stake in Crown during the third quarter worth $284,000. Finally, Root Financial Partners LLC bought a new stake in Crown during the third quarter worth $99,000. 90.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CCK. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Crown in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $121.00 price objective on shares of Crown in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their target price on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Truist Financial reiterated a “buy” rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.47.

Crown Price Performance

Crown stock opened at $116.88 on Tuesday. Crown Holdings, Inc. has a 52 week low of $91.31 and a 52 week high of $122.91. The company’s 50 day moving average price is $112.75 and its two-hundred day moving average price is $108.18. The company has a quick ratio of 0.71, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. The stock has a market cap of $12.71 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.47 and a beta of 0.56.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.13. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.24 EPS. On average, equities analysts predict that Crown Holdings, Inc. will post 8.41 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th 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 is Thursday, November 5th. Crown’s dividend payout ratio (DPR) is 19.50%.

Crown Profile

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.

The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown’s products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.