Cwm LLC Increases Position in Crown Holdings, Inc. $CCK

Key Points

• Cwm LLC increased its stake in Crown by 73.3% in Q3 to 72,075 shares worth about $6.96 million, while institutional investors now own roughly 90.93% of the company.
• Crown beat Q3 estimates with $2.24 EPS vs. $1.98 and revenue of $3.20B, issued Q4 guidance of 1.65–1.75 EPS and FY2025 guidance of 7.70–7.80 EPS, and has a consensus analyst rating of "Moderate Buy" with a $118.08 target.
• Senior insiders sold shares in December—COO Djalma Novaes Jr. for about $1.995M and CEO Timothy Donahue for about $0.89M—reducing insider ownership to 0.90%.

Cwm LLC increased its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 73.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,075 shares of the industrial products company's stock after acquiring an additional 30,488 shares during the period. Cwm LLC owned approximately 0.06% of Crown worth $6,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. Harbor Capital Advisors Inc. raised its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company's stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Crown in the 2nd quarter valued at $46,000. Cullen Frost Bankers Inc. increased its stake in shares of Crown by 3,569.2% in the second quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company's stock worth $49,000 after acquiring an additional 464 shares during the period. Finally, Allworth Financial LP lifted its position in Crown by 420.9% during the second quarter. Allworth Financial LP now owns 599 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Performance

Shares of CCK stock opened at $103.78 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48. The business's 50 day moving average is $98.61 and its two-hundred day moving average is $99.27. The company has a market capitalization of $11.97 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.41 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 26.86% and a net margin of 7.79%.The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company posted $1.99 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were given a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Crown's dividend payout ratio (DPR) is 12.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCK shares. Truist Financial reiterated a "buy" rating and set a $126.00 price objective (up previously from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Wells Fargo & Company lifted their price target on Crown from $97.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 22nd. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a report on Sunday, October 26th. Citigroup dropped their price objective on shares of Crown from $135.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, September 29th. Finally, Mizuho lifted their target price on shares of Crown from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.08.

Insider Activity

In related news, COO Djalma Novaes, Jr. sold 19,754 shares of the firm's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer directly owned 96,841 shares of the company's stock, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 8,476 shares of the business's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $105.01, for a total value of $890,064.76. Following the sale, the chief executive officer owned 440,580 shares of the company's stock, valued at approximately $46,265,305.80. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.

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