Empowered Funds LLC Has $9.55 Million Position in Crown Holdings, Inc. $CCK

Empowered Funds LLC lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,687 shares of the industrial products company’s stock after purchasing an additional 4,474 shares during the period. Empowered Funds LLC’s holdings in Crown were worth $9,545,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund raised its stake in Crown by 4.7% in the first quarter. New York State Common Retirement Fund now owns 56,203 shares of the industrial products company’s stock valued at $5,017,000 after buying an additional 2,500 shares during the period. Signaturefd LLC increased its position in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after buying an additional 245 shares during the period. Larson Financial Group LLC increased its position in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after buying an additional 107 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of Crown during the first quarter worth $255,000. Finally, Choreo LLC boosted its position in shares of Crown by 57.0% in the first quarter. Choreo LLC now owns 4,670 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 1,695 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the transaction, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Crown Stock Up 0.3%

NYSE CCK opened at $95.33 on Wednesday. The business has a fifty day moving average price of $95.85 and a two-hundred day moving average price of $99.13. The stock has a market capitalization of $11.00 billion, a PE ratio of 11.80, a PEG ratio of 1.30 and a beta of 0.78. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Crown’s payout ratio is presently 12.87%.

Analysts Set New Price Targets

CCK has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and set a $117.00 price target on shares of Crown in a research report on Tuesday, October 21st. Mizuho lifted their price target on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Citigroup cut their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Wells Fargo & Company raised their price objective on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $126.00 price objective (up from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.08.

About Crown

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.