KBC Group NV Reduces Position in Crown Holdings, Inc. $CCK

KBC Group NV decreased its holdings in Crown Holdings, Inc. (NYSE:CCKFree Report) by 27.9% in the first quarter, Holdings Channel reports. The fund owned 201,671 shares of the industrial products company’s stock after selling 77,898 shares during the period. KBC Group NV’s holdings in Crown were worth $20,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD National Bancorp IN boosted its position in shares of Crown by 507.7% during the 4th quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock valued at $9,221,000 after acquiring an additional 74,814 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Crown by 79.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock valued at $1,305,000 after purchasing an additional 5,600 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Crown during the fourth quarter worth about $3,855,000. Louisiana State Employees Retirement System purchased a new position in Crown during the first quarter worth about $3,258,000. Finally, World Investment Advisors acquired a new position in Crown in the 4th quarter valued at about $1,188,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE:CCK opened at $118.00 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $121.76. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The company has a 50 day moving average price of $103.54 and a 200 day moving average price of $104.90. The stock has a market capitalization of $13.19 billion, a P/E ratio of 16.98, a PEG ratio of 1.91 and a beta of 0.60.

Crown (NYSE:CCKGet Free Report) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.14% and a net margin of 5.91%.The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 8.06 EPS for the current year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is presently 22.29%.

Analysts Set New Price Targets

CCK has been the subject of several analyst reports. Citigroup increased their price target on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price objective on the stock. Mizuho increased their price objective on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial raised their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Bank of America lifted their target price on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.40.

Check Out Our Latest Stock Analysis on CCK

More Crown News

Here are the key news stories impacting Crown this week:

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, June 23rd. The stock was 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 of the company’s stock, valued at $45,787,350. The trade was a 3.33% decrease in their position. The transaction 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. 0.90% of the stock is owned by company insiders.

About Crown

(Free Report)

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.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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