Applied Finance Capital Management LLC Makes New Investment in Crown Holdings, Inc. $CCK

Key Points

• Applied Finance Capital Management LLC has acquired a new position in Crown Holdings, Inc. with an investment of approximately $304,000, purchasing 2,955 shares in the second quarter.
• Multiple institutional investors, including Nordea Investment Management AB and Allianz Asset Management GmbH, significantly increased their stakes in Crown Holdings during the same timeframe.
• Crown recently reported quarterly earnings of $2.15 EPS, exceeding analyst expectations, and declared a quarterly dividend of $0.26 with a low payout ratio of 21.85%.

Applied Finance Capital Management LLC acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,955 shares of the industrial products company's stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nordea Investment Management AB boosted its stake in shares of Crown by 16.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,691,770 shares of the industrial products company's stock worth $174,015,000 after purchasing an additional 242,072 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Crown by 1,719.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company's stock worth $30,418,000 after purchasing an additional 279,145 shares during the period. Generali Asset Management SPA SGR boosted its stake in shares of Crown by 245.0% during the 2nd quarter. Generali Asset Management SPA SGR now owns 24,957 shares of the industrial products company's stock worth $2,570,000 after purchasing an additional 17,724 shares during the period. Ritholtz Wealth Management purchased a new position in shares of Crown during the 2nd quarter worth about $1,344,000. Finally, Bayforest Capital Ltd boosted its stake in shares of Crown by 58.1% during the 2nd quarter. Bayforest Capital Ltd now owns 6,992 shares of the industrial products company's stock worth $720,000 after purchasing an additional 2,569 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Price Performance

Crown stock opened at $94.03 on Friday. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The firm has a 50-day moving average of $96.36 and a two-hundred day moving average of $97.28.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results 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. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on CCK. Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Citigroup dropped their price target on shares of Crown from $135.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Truist Financial raised shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 price objective for the company in a research report on Friday, September 5th. Finally, Bank of America boosted their price objective on shares of Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average price target of $116.62.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares in the company, valued at approximately $45,139,109.12. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction dated Friday, July 25th. The shares were 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 owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,222 shares of company stock valued at $5,873,770. 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.

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