890,156 Shares in Crown Holdings, Inc. $CCK Purchased by Nykredit A S

Nykredit A S acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, HoldingsChannel reports. The firm acquired 890,156 shares of the industrial products company’s stock, valued at approximately $99,537,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in Crown in the 1st quarter valued at $3,258,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Crown in the 4th quarter valued at $3,855,000. World Investment Advisors acquired a new stake in Crown during the 4th quarter worth $1,188,000. Natixis Advisors LLC boosted its stake in Crown by 51.3% during the 4th quarter. Natixis Advisors LLC now owns 251,044 shares of the industrial products company’s stock worth $25,850,000 after purchasing an additional 85,156 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Crown by 2,404.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,290 shares of the industrial products company’s stock worth $24,125,000 after buying an additional 224,936 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Up 0.3%

NYSE CCK opened at $116.98 on Thursday. The business’s fifty day simple moving average is $116.31 and its 200-day simple moving average is $107.65. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The firm has a market cap of $12.72 billion, a PE ratio of 16.83, a P/E/G ratio of 1.63 and a beta of 0.58. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $122.91.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the firm posted $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, equities analysts anticipate that Crown Holdings, Inc. will post 8.39 earnings per share for the current year.

Crown Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CCK shares. UBS Group increased their target price on shares of Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Truist Financial reiterated a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Royal Bank Of Canada raised their target price on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, BMO Capital Markets boosted their target price on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

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.