2,921 Shares in Crown Holdings, Inc. $CCK Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,921 shares of the industrial products company’s stock, valued at approximately $301,000.

Several other institutional investors also recently modified their holdings of CCK. GAMMA Investing LLC increased its stake in shares of Crown by 110.3% in the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 630 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Crown by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,091 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Crown by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 299,097 shares of the industrial products company’s stock worth $26,979,000 after acquiring an additional 13,117 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Crown by 4.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,940 shares of the industrial products company’s stock worth $22,845,000 after acquiring an additional 11,352 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Crown by 12.5% in the 1st quarter. KBC Group NV now owns 13,339 shares of the industrial products company’s stock worth $1,191,000 after acquiring an additional 1,487 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of NYSE CCK opened at $95.31 on Thursday. The firm’s 50-day moving average price is $95.88 and its 200-day moving average price is $98.24. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The company has a market cap of $11.09 billion, a PE ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.73. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

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

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued 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 dividend payout ratio (DPR) is presently 12.87%.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Raymond James Financial restated an “outperform” rating and set a $115.00 price objective (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Citigroup reduced their price objective on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Truist Financial restated a “buy” rating and set a $126.00 price objective (up from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Sunday. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.08.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares of the company’s stock, valued at $45,139,109.12. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Crown Company 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.