California State Teachers Retirement System Grows Stock Holdings in Crown Holdings, Inc. $CCK

California State Teachers Retirement System raised its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10,917.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,660,497 shares of the industrial products company's stock after acquiring an additional 14,527,425 shares during the period. California State Teachers Retirement System owned approximately 13.48% of Crown worth $1,639,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC grew its stake in Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock worth $49,000 after buying an additional 91 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Crown by 12.5% during the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 104 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. Siemens Fonds Invest GmbH raised its position in shares of Crown by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company's stock valued at $157,000 after purchasing an additional 116 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Crown by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company's stock worth $585,000 after purchasing an additional 121 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Down 0.1%

CCK stock opened at $112.67 on Friday. The company has a market capitalization of $12.25 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $122.91. The firm's fifty day simple moving average is $116.62 and its 200-day simple moving average is $107.75. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.37 billion. During the same quarter last year, the company posted $2.15 earnings per share. The firm's revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders 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 of this dividend was Thursday, August 6th. Crown's payout ratio is 20.14%.

Insider Activity at Crown

In other news, CEO Timothy Donahue sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CCK shares. Robert W. Baird upped their price target on shares of Crown from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Crown in a research note on Wednesday, July 22nd. Truist Financial reissued a "buy" rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. BMO Capital Markets raised their target price on Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Finally, Bank of America lifted their price target on Crown from $129.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.20.

Crown Company Profile

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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