Maven Securities LTD Buys 26,306 Shares of Crown Holdings, Inc. $CCK

Key Points

• Maven Securities LTD increased its stake in Crown Holdings by 526.1%, owning 31,306 shares valued at approximately $2.79 million as of the end of the first quarter.
• Crown reported $2.15 EPS for the recent quarter, exceeding analysts' expectations and achieving a quarterly revenue of $3.15 billion, up 3.6% from the previous year.
• The company will pay a $0.26 quarterly dividend on August 21st, with a yield of 1.1% and a payout ratio of 21.85%.

Maven Securities LTD grew its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 526.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,306 shares of the industrial products company's stock after acquiring an additional 26,306 shares during the period. Maven Securities LTD's holdings in Crown were worth $2,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of Crown by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company's stock worth $279,836,000 after acquiring an additional 167,252 shares in the last quarter. Invesco Ltd. lifted its position in shares of Crown by 412.2% during the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company's stock worth $153,464,000 after acquiring an additional 1,383,624 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock worth $140,720,000 after acquiring an additional 399,842 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Crown by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,637,155 shares of the industrial products company's stock worth $146,117,000 after acquiring an additional 83,523 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Crown by 22.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock worth $128,126,000 after acquiring an additional 279,596 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insiders Place Their Bets

In related news, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The stock was 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 $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were 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 directly owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

CCK has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their price objective on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Barclays increased their price objective on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, UBS Group increased their price objective on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.67.

Crown Price Performance

CCK traded down $0.1110 during trading on Friday, reaching $100.8790. The stock had a trading volume of 1,048,905 shares, compared to its average volume of 1,065,726. The stock has a market cap of $11.74 billion, a PE ratio of 21.19, a PEG ratio of 1.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The business has a 50-day moving average of $103.24 and a 200-day moving average of $95.40.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio is currently 21.85%.

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.