Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Twinbeech Capital LP

Twinbeech Capital LP lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 345.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,535 shares of the industrial products company's stock after purchasing an additional 83,394 shares during the quarter. Twinbeech Capital LP owned about 0.09% of Crown worth $8,892,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 117 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Crown by 88.0% in the fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 352 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Crown by 325.1% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 647 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Performance

Shares of CCK stock opened at $100.13 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average of $89.98 and a two-hundred day moving average of $88.48. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $101.50. The company has a market cap of $11.65 billion, a P/E ratio of 28.13, a PEG ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. Crown's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, May 15th. Crown's dividend payout ratio is currently 22.37%.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research analyst reports. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Mizuho lifted their target price on Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Royal Bank of Canada lifted their target price on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Truist Financial reduced their target price on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.45.

Insider Buying and Selling at Crown

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the transaction, the vice president now owns 4,500 shares in the company, valued at approximately $447,345. The trade was a 32.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the transaction, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company 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.

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