Deprince Race & Zollo Inc. Reduces Holdings in Crown Holdings, Inc. $CCK

Deprince Race & Zollo Inc. decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 19.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,278 shares of the industrial products company’s stock after selling 52,620 shares during the period. Deprince Race & Zollo Inc.’s holdings in Crown were worth $21,983,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CCK. Caitong International Asset Management Co. Ltd bought a new stake in shares of Crown during the third quarter valued at approximately $29,000. ORG Partners LLC increased its stake in Crown by 52.5% during the 4th 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. raised its holdings in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Crown in the 4th quarter worth about $42,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 151 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCK. Citigroup raised their target price on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada reduced their price objective on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Truist Financial cut their price target on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company reduced their price target on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and an average price target of $120.14.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 436,070 shares of the company’s stock, valued at $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,000 shares of company stock valued at $3,163,875 over the last 90 days. 0.90% of the stock is owned by company insiders.

Crown Trading Down 0.5%

Shares of Crown stock opened at $111.27 on Thursday. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62. The company’s fifty day simple moving average is $100.15 and its 200-day simple moving average is $103.87. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The stock has a market capitalization of $12.43 billion, a PE ratio of 17.72, a P/E/G ratio of 1.84 and a beta of 0.59.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $1.67 EPS. Crown’s revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Crown’s dividend payout ratio is presently 22.29%.

Crown Company 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.