State of New Jersey Common Pension Fund D Has $3.43 Million Position in Crown Holdings, Inc. $CCK

State of New Jersey Common Pension Fund D lessened its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 10.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 38,459 shares of the industrial products company’s stock after selling 4,347 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Crown were worth $3,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC lifted its position in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Crown by 4.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 115 shares during the last quarter. National Pension Service boosted its stake in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 189 shares during the period. Parallel Advisors LLC grew its holdings in Crown by 33.8% in the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Crown by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company’s stock worth $1,222,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCK. UBS Group boosted their target price on shares of Crown from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Mizuho increased their target price on shares of Crown from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Finally, Citigroup reissued a “buy” rating on shares of Crown in a research report on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

Insider Transactions at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Crown Stock Performance

Shares of Crown stock opened at $100.64 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The company has a market cap of $11.71 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a 50 day moving average of $103.23 and a 200-day moving average of $95.20. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.81 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown’s dividend payout ratio (DPR) is 21.85%.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.