Dark Forest Capital Management LP purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,081 shares of the industrial products company's stock, valued at approximately $420,000.
Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after acquiring an additional 256 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after purchasing an additional 117 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock worth $68,000 after purchasing an additional 269 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
Crown Price Performance
Crown stock traded up $0.80 during trading hours on Friday, hitting $96.91. 493,917 shares of the stock were exchanged, compared to its average volume of 1,195,786. The stock has a market capitalization of $11.33 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.56 and a beta of 0.79. The business's 50-day moving average is $87.75 and its two-hundred day moving average is $88.31. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.48.
Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business earned $1.02 EPS. Crown's revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.
Crown Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. Crown's dividend payout ratio is 22.37%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CCK shares. Royal Bank of Canada lifted their target price on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday. Mizuho lifted their price objective on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays upped their target price on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday. Truist Financial decreased their price target on shares of Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley upgraded shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.45.
Read Our Latest Analysis on Crown
About Crown
(
Free Report)
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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