8,291 Shares in Crown Holdings, Inc. $CCK Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. purchased a new stake in Crown Holdings, Inc. by acquiring 8,291 shares valued at approximately $854,000 in the second quarter.
• Crown Holdings reported a quarterly EPS of $2.15, exceeding the consensus estimate of $1.86, with revenue of $3.15 billion surpassing analyst estimates.
• The company declared a quarterly dividend of $0.26, representing an annualized yield of 1.1%, with a payout ratio of 21.85%.

QRG Capital Management Inc. bought a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,291 shares of the industrial products company's stock, valued at approximately $854,000.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC increased its stake in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after buying an additional 107 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC increased its stake in Crown by 161.2% in 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 in the last quarter. National Pension Service increased its stake in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after buying an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Crown in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Trading Down 0.3%

CCK opened at $91.95 on Thursday. The firm has a market cap of $10.70 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.41 and a beta of 0.73. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock has a 50-day moving average of $97.47 and a 200 day moving average of $97.11.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown's dividend payout ratio (DPR) is currently 21.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCK. Citigroup cut their price target on Crown from $135.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, September 29th. UBS Group cut their price target on Crown from $130.00 to $117.00 and set a "buy" rating for the company in a research note on Monday. Robert W. Baird raised their price objective on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Morgan Stanley raised their price objective on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $118.25.

Insider Activity

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

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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