Fox Run Management L.L.C. Acquires 10,049 Shares of Crown Holdings, Inc. $CCK

Key Points

• Fox Run Management L.L.C. increased its stake in Crown Holdings, Inc. by 222.4%, acquiring a total of 14,568 shares valued at approximately $1.3 million during the first quarter.
• Crown's recent quarterly earnings report showed an EPS of $2.15, exceeding analyst estimates of $1.86, and revenue of $3.15 billion, reflecting a 3.6% year-over-year increase.
• The company recently declared a quarterly dividend of $0.26 per share, with an ex-dividend date on August 7th, representing a 1.0% annualized dividend yield.

Fox Run Management L.L.C. raised its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 222.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,568 shares of the industrial products company's stock after buying an additional 10,049 shares during the quarter. Fox Run Management L.L.C.'s holdings in Crown were worth $1,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCK. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Crown by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after acquiring an additional 1,091 shares during the period. GAMMA Investing LLC lifted its position in shares of Crown by 110.3% in the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after acquiring an additional 630 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Crown in the 1st quarter worth approximately $820,000. Nisa Investment Advisors LLC lifted its position in shares of Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock worth $256,000 after acquiring an additional 115 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Crown by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company's stock worth $1,222,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Insiders Place Their Bets

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The stock was 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. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird raised their target price on Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of Crown in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Wall Street Zen upgraded Crown from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.67.

Crown Trading Up 0.4%

Shares of NYSE CCK traded up $0.3810 during midday trading on Wednesday, hitting $100.5710. The stock had a trading volume of 155,550 shares, compared to its average volume of 1,273,910. The company's 50-day simple moving average is $103.22 and its 200 day simple moving average is $95.16. The firm has a market cap of $11.70 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. 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 (NYSE:CCK - Get Free Report) last announced its quarterly earnings data 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. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The firm's quarterly revenue 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. Research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

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

About Crown

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.