Nicola Wealth Management LTD. Reduces Stock Position in Crown Holdings, Inc. $CCK

Key Points

• Nicola Wealth Management LTD. reduced its stake in Crown Holdings by 9.3%, now holding 175,000 shares, which represents 1.5% of its investment portfolio.
• Wall Street analysts have increased their price targets for Crown, with estimates ranging from $110 to $130, indicating a generally positive outlook on the company's performance.
• Crown Holdings reported a quarterly earnings beat with an EPS of $2.15, surpassing estimates, and announced a quarterly dividend of $0.26 per share, with a yield of 1.1%.

Nicola Wealth Management LTD. trimmed its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 9.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 175,000 shares of the industrial products company's stock after selling 18,000 shares during the period. Crown comprises 1.5% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 27th biggest position. Nicola Wealth Management LTD. owned approximately 0.15% of Crown worth $15,620,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position 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 purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC boosted its stake in Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service boosted its stake in Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Crown by 39.4% in the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 184 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCK. Bank of America boosted their target price on shares of Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group boosted their target price on shares of Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Truist Financial upgraded shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research note on Friday, September 5th. Finally, Morgan Stanley upped their price target on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.67.

Crown Price Performance

Shares of NYSE:CCK traded down $1.06 during trading on Friday, reaching $96.53. The company had a trading volume of 1,215,202 shares, compared to its average volume of 1,221,181. The company has a fifty day moving average of $101.07 and a two-hundred day moving average of $96.45. The stock has a market capitalization of $11.23 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.73. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

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

Crown Announces Dividend

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

Insider Buying and Selling at Crown

In related news, 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 transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at approximately $46,464,351.36. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the transaction, the chief accounting officer directly owned 122,585 shares in the company, 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 ninety days, insiders have sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is owned by insiders.

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.