Crown (NYSE:CCK) Sets New 52-Week High – What’s Next?

Crown Holdings, Inc. (NYSE:CCK) reached a new 52-week high on Tuesday . The stock traded as high as $121.90 and last traded at $120.23, with a volume of 116758 shares changing hands. The stock had previously closed at $118.45.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $107.00 to $121.00 in a research note on Wednesday, July 22nd. Bank of America boosted their price objective on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets raised their price objective on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial increased their target price on shares of Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Crown Trading Down 1.1%

The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.70 and a beta of 0.60. The company has a fifty day moving average price of $105.99 and a 200-day moving average price of $105.51.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $2.15 earnings per share. Crown’s quarterly revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, research analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. Crown’s payout ratio is 20.14%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in shares of Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 91 shares during the period. Parallel Advisors LLC grew its holdings in Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 104 shares during the period. ORG Partners LLC increased its position in shares of Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the period. Finally, Siemens Fonds Invest GmbH grew its stake in Crown by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.