Crown Holdings, Inc. $CCK Stock Position Lessened by Metis Global Partners LLC

Metis Global Partners LLC trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,288 shares of the industrial products company’s stock after selling 793 shares during the period. Metis Global Partners LLC’s holdings in Crown were worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Crown by 181.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 213,565 shares of the industrial products company’s stock valued at $19,063,000 after buying an additional 137,603 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 115 shares during the period. Cerity Partners LLC boosted its holdings in shares of Crown by 21.7% in the first quarter. Cerity Partners LLC now owns 26,821 shares of the industrial products company’s stock valued at $2,394,000 after acquiring an additional 4,790 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Crown by 4.7% in the first quarter. New York State Common Retirement Fund now owns 56,203 shares of the industrial products company’s stock valued at $5,017,000 after acquiring an additional 2,500 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Crown by 19.5% during the first quarter. CWM LLC now owns 15,297 shares of the industrial products company’s stock valued at $1,365,000 after acquiring an additional 2,495 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

CCK has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research report on Wednesday, October 8th. Truist Financial restated a “buy” rating and issued a $126.00 price objective (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating and set a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Wells Fargo & Company boosted their price target on shares of Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Loop Capital raised their price objective on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.08.

Crown Trading Down 1.6%

NYSE:CCK opened at $98.59 on Thursday. The stock has a fifty day simple moving average of $95.59 and a 200 day simple moving average of $99.05. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the sale, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

About Crown

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.