Foundry Partners LLC Buys Shares of 7,090 Crown Holdings, Inc. (NYSE:CCK)

Foundry Partners LLC bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,090 shares of the industrial products company's stock, valued at approximately $633,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after acquiring an additional 107 shares during the last quarter. Signaturefd LLC lifted its holdings in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after buying an additional 245 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 352 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Crown by 33.8% in the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 205 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Shares of Crown stock traded down $0.52 on Thursday, reaching $104.82. The stock had a trading volume of 459,448 shares, compared to its average volume of 1,294,621. The business's 50 day moving average is $102.46 and its two-hundred day moving average is $93.05. The company has a market cap of $12.20 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 1.71 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. As a group, research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, May 15th. Crown's payout ratio is currently 21.85%.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of recent research reports. Mizuho upped their target price on Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Barclays upped their price objective on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Citigroup restated a "buy" rating on shares of Crown in a report on Wednesday. Royal Bank Of Canada upped their price objective on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Baird R W downgraded Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Activity at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the transaction, the chief operating officer directly owned 135,014 shares of the company's stock, valued at $13,096,358. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christy L. Kalaus sold 2,130 shares of Crown stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the sale, the vice president owned 4,500 shares of the company's stock, valued at $447,345. The trade was a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Crown Profile

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.