Crown Holdings, Inc. (NYSE:CCK) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Crown Holdings, Inc. has received an average analyst rating of "Moderate Buy" based on reports from fifteen brokerages, with a target price of $116.92.
• CEO Timothy J. Donahue sold 37,000 shares of Crown at a price of $100.56, resulting in a substantial decrease in his holdings by 7.41%.
• The company reported an earnings per share (EPS) of $2.24 for the latest quarter, exceeding expectations and posting a year-over-year revenue growth of 4.2%.

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $116.9231.

CCK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their target price on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Robert W. Baird boosted their price objective on shares of Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Crown from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Mizuho boosted their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at $46,464,351.36. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock valued at $5,873,770 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 134 shares during the period. Larson Financial Group LLC lifted its stake in shares of Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares during the period. Geneos Wealth Management Inc. lifted its stake 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 valued at $32,000 after purchasing an additional 111 shares during the period. Signaturefd LLC lifted its stake in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 245 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Crown in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Up 5.4%

Shares of CCK opened at $99.51 on Wednesday. The company has a market capitalization of $11.58 billion, a P/E ratio of 12.32, a PEG ratio of 1.35 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown has a one year low of $75.98 and a one year high of $109.48. The business's 50 day simple moving average is $96.19 and its 200-day simple moving average is $97.43.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.98 by $0.26. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, sell-side analysts predict that Crown will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 7th. Crown's payout ratio is 21.85%.

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.

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