Generali Asset Management SPA SGR Sells 10,445 Shares of Crown Holdings, Inc. $CCK

Generali Asset Management SPA SGR lessened its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,487 shares of the industrial products company’s stock after selling 10,445 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Crown were worth $977,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Crestwood Advisors Group LLC purchased a new stake in Crown during the fourth quarter worth about $328,000. Sequoia Financial Advisors LLC increased its holdings in Crown by 68.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,152 shares of the industrial products company’s stock worth $736,000 after buying an additional 2,912 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Crown by 45.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 53,682 shares of the industrial products company’s stock worth $5,528,000 after buying an additional 16,756 shares during the last quarter. Swedbank AB increased its holdings in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after buying an additional 47,613 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in Crown by 11.2% during the fourth quarter. Truist Financial Corp now owns 14,899 shares of the industrial products company’s stock worth $1,534,000 after buying an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CCK shares. Truist Financial decreased their price objective on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Crown in a report on Wednesday, April 1st. They set a “buy” rating and a $124.00 price objective for the company. Wall Street Zen downgraded shares of Crown from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Citigroup lifted their target price on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a research note on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.93.

Insider Activity at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,234 shares of company stock valued at $5,832,363. 0.90% of the stock is owned by corporate insiders.

Crown Price Performance

CCK opened at $101.27 on Monday. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.67 and a beta of 0.65. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $104.44 and a 200-day moving average price of $103.13. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $116.62.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.4%. Crown’s payout ratio is currently 22.29%.

About Crown

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.