10,486 Shares in Crown Holdings, Inc. $CCK Bought by Redwood Investment Management LLC

Key Points

• Redwood Investment Management acquired 10,486 Crown Holdings shares worth approximately $1.17 million in the second quarter. Institutional investors collectively own 90.93% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $128.20.
• Crown reported quarterly EPS of $2.49, beating estimates by $0.33, while revenue rose 16.5% year over year to $3.67 billion. The company also pays a $0.35 quarterly dividend, yielding about 1.2% annually.

Redwood Investment Management LLC acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,486 shares of the industrial products company's stock, valued at approximately $1,173,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC grew its stake in shares of Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock worth $49,000 after purchasing an additional 91 shares during the period. Parallel Advisors LLC lifted its stake in shares of Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 104 shares during the period. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 111 shares during the period. Siemens Fonds Invest GmbH boosted its holdings in Crown by 7.7% during the third 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Crown by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company's stock worth $585,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Crown from $129.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Mizuho raised their price objective on Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Raymond James Financial upped their target price on Crown from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. Finally, DA Davidson dropped their price target on Crown from $115.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $128.20.

Crown Stock Performance

Crown stock opened at $118.99 on Thursday. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $122.91. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.69 and a beta of 0.59. The stock has a fifty day moving average of $115.03 and a two-hundred day moving average of $107.44. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.33. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business 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. On average, analysts anticipate that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown's dividend payout ratio is presently 20.14%.

Crown Profile

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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