Renaissance Technologies LLC Boosts Stake in Crown Holdings, Inc. $CCK

Renaissance Technologies LLC increased its position in Crown Holdings, Inc. (NYSE:CCK) by 14.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 548,000 shares of the industrial products company’s stock after purchasing an additional 70,300 shares during the period. Renaissance Technologies LLC’s holdings in Crown were worth $54,937,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the third quarter worth approximately $29,000. ORG Partners LLC boosted its holdings 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 acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in shares of Crown during the fourth quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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 stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $117.88 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The stock has a fifty day moving average price of $104.60 and a 200 day moving average price of $105.15. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $121.76. The company has a market cap of $13.17 billion, a PE ratio of 16.96, a P/E/G ratio of 1.65 and a beta of 0.60.

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

Crown Announces Dividend

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

Key Crown News

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

Analysts Set New Price Targets

CCK has been the subject of several research reports. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Crown in a research report on Wednesday. Robert W. Baird lifted their price objective on shares of Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Bank of America upped their target price on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets raised their price target on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday. Eleven 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 stock currently has an average rating of “Moderate Buy” and an average price target of $128.20.

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.