Crown (NYSE:CCK) Price Target Lowered to $107.00 at DA Davidson

Crown (NYSE:CCK) had its price objective trimmed by DA Davidson from $115.00 to $107.00 in a research report report published on Wednesday morning,MarketScreener reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on CCK. UBS Group decreased their target price on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Citigroup upped their price objective on Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft began coverage on Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Bank of America cut their price objective on Crown from $131.00 to $126.00 and set a “buy” rating for the company in a report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Crown Price Performance

Shares of NYSE CCK opened at $100.36 on Wednesday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.65 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 stock’s 50-day simple moving average is $103.27 and its two-hundred day simple moving average is $103.21. Crown has a twelve month low of $89.21 and a twelve month high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, equities analysts anticipate that Crown will post 8.05 EPS for the current fiscal year.

Crown Dividend Announcement

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

Insider Activity

In related news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the sale, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,234 shares of company stock valued at $5,832,363 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

A number of large investors have recently made changes to their positions in the business. Root Financial Partners LLC grew its position in shares of Crown by 23.8% in the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after buying an additional 91 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Crown by 12.5% in the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock worth $96,000 after buying an additional 104 shares during the last quarter. ORG Partners LLC grew its position in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Crown by 45.3% in 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 last quarter. Finally, Siemens Fonds Invest GmbH grew its position in shares of Crown by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after buying an additional 116 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

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.