American Century Companies Inc. Boosts Stake in Crown Holdings, Inc. $CCK

Key Points

• American Century Companies Inc. has increased its stake in Crown Holdings, acquiring an additional 26,595 shares, raising its total ownership to 118,008 shares valued at approximately $10.5 million.
• Insider trading activity revealed that both the CAO and CEO of Crown sold significant amounts of shares, with a total of 58,222 shares sold in the last quarter, valued at nearly $5.9 million.
• Recent analyst reports have generally been positive, with Barclays and JPMorgan raising their price targets for Crown to between $112.00 and $117.00, while maintaining strong ratings.

American Century Companies Inc. raised its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 29.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,008 shares of the industrial products company's stock after acquiring an additional 26,595 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Crown worth $10,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its position 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 worth $30,000 after purchasing an additional 107 shares during the period. Signaturefd LLC raised its position in shares of 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 acquiring an additional 245 shares in the last quarter. National Pension Service lifted its stake in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the last quarter. Colonial Trust Co SC boosted its position in Crown by 88.0% during the fourth 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 in the last quarter. Finally, Parallel Advisors LLC grew its stake in Crown by 33.8% in the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Stock Performance

NYSE CCK traded down $0.72 during trading hours on Monday, reaching $99.42. The stock had a trading volume of 787,402 shares, compared to its average volume of 1,026,633. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The stock has a fifty day moving average of $102.93 and a 200 day moving average of $96.02. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The stock has a market cap of $11.57 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown's dividend payout ratio (DPR) is presently 21.85%.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred 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 transaction, the chief accounting officer owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 in the last quarter. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. Baird R W lowered Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Mizuho boosted their target price on Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Robert W. Baird upped their target price on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price target on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average target price of $120.67.

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.