California State Teachers Retirement System Lowers Position in Crown Holdings, Inc. $CCK

California State Teachers Retirement System cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,108 shares of the industrial products company's stock after selling 1,964 shares during the quarter. California State Teachers Retirement System owned 0.12% of Crown worth $14,660,497 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CCK. Dimensional Fund Advisors LP boosted its stake in Crown by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company's stock valued at $198,186,000 after purchasing an additional 32,112 shares in the last quarter. Norges Bank bought a new stake in Crown in the 4th quarter valued at approximately $158,288,000. Quantinno Capital Management LP lifted its position in Crown by 19.3% during the first quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company's stock worth $115,979,000 after acquiring an additional 186,849 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Crown in the 2nd quarter valued at approximately $112,578,000. Finally, Thrivent Financial for Lutherans increased its holdings in Crown by 17.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 980,572 shares of the industrial products company's stock worth $100,978,000 after purchasing an additional 145,198 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CCK. Mizuho lifted their price target on shares of Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Crown in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $121.00 price target on shares of Crown in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Crown from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut shares of Crown from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $107.00 to $121.00 in a research report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Crown currently has an average rating of "Moderate Buy" and an average price target of $128.20.

Insider Activity

In other Crown news, CEO Timothy Donahue sold 15,000 shares of the business's stock in a transaction 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 directly owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.

Crown Trading Down 0.0%

CCK stock traded down $0.00 during trading on Tuesday, hitting $112.37. The company had a trading volume of 224,473 shares, compared to its average volume of 1,090,391. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $122.91. The stock has a market cap of $12.22 billion, a PE ratio of 16.17, a PEG ratio of 1.58 and a beta of 0.58. The business has a 50-day moving average of $116.60 and a 200-day moving average of $107.67.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.33. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Research analysts predict that Crown Holdings, Inc. will post 8.39 earnings per share 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 issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. Crown's payout ratio is currently 20.14%.

About Crown

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.

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