Crown Holdings, Inc. $CCK Stake Boosted by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its stake in Crown Holdings, Inc. by 10.3%, owning approximately $16.91 million worth of shares after purchasing an additional 17,715 shares in the first quarter.
• Crown Holdings reported a quarterly EPS of $2.15, exceeding expectations, with a revenue of $3.15 billion, which is a 3.6% increase from the previous year.
• The firm announced a quarterly dividend payable on August 21st, with a current yield of **1.0%** and a payout ratio of **21.85%**.

Candriam S.C.A. boosted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,452 shares of the industrial products company's stock after buying an additional 17,715 shares during the period. Candriam S.C.A. owned 0.16% of Crown worth $16,910,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted 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 during the last quarter. Signaturefd LLC raised its holdings 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 purchasing an additional 245 shares during the period. National Pension Service raised its holdings in shares of 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 purchasing an additional 189 shares during the period. Brooklyn Investment Group raised its holdings in shares of Crown by 39.4% in the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the period. Finally, Colonial Trust Co SC raised its holdings in shares of Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the sale, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 13,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $45,139,109.12. This trade represents a 2.81% 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 worth $5,873,770 over the last 90 days. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CCK has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Baird R W downgraded Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Royal Bank Of Canada raised their price objective on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised Crown from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Finally, Morgan Stanley boosted their price target on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and an average target price of $120.67.

Crown Stock Down 0.7%

Crown stock traded down $0.7320 during midday trading on Monday, hitting $100.1280. 342,123 shares of the company were exchanged, compared to its average volume of 1,267,594. The company's fifty day moving average price is $103.24 and its 200-day moving average price is $95.53. The company has a market cap of $11.65 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. 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 fifty-two week low of $75.98 and a fifty-two week high of $109.48.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.81 EPS. Crown's revenue for the quarter 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 predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

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

Crown Company 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.