Dimensional Fund Advisors LP Purchases 83,523 Shares of Crown Holdings, Inc. $CCK

Key Points

• Dimensional Fund Advisors LP increased its position in Crown Holdings, acquiring 83,523 shares in the 1st quarter, and now owns approximately 1.41% of the company worth $146 million.
• Insider trading was noted as CAO Gerard H. Gifford sold 8,222 shares at an average price of $102.93, reducing his stake in the company by 6.29%.
• Crown Holdings reported $2.15 EPS in its recent quarterly earnings, exceeding analysts' estimates, and has set an FY 2025 earnings guidance of 7.100-7.500 EPS.

Dimensional Fund Advisors LP lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,637,155 shares of the industrial products company's stock after acquiring an additional 83,523 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.41% of Crown worth $146,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fox Run Management L.L.C. raised its position in Crown by 222.4% in the first quarter. Fox Run Management L.L.C. now owns 14,568 shares of the industrial products company's stock valued at $1,300,000 after purchasing an additional 10,049 shares during the last quarter. Sei Investments Co. increased its stake in shares of Crown by 3.3% in the first quarter. Sei Investments Co. now owns 247,785 shares of the industrial products company's stock valued at $20,656,000 after buying an additional 7,907 shares during the period. Lyrical Asset Management LP raised its holdings in Crown by 23.4% in the 1st quarter. Lyrical Asset Management LP now owns 62,894 shares of the industrial products company's stock valued at $5,614,000 after buying an additional 11,924 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Crown by 1.3% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 108,760 shares of the industrial products company's stock worth $9,708,000 after buying an additional 1,400 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Crown by 17.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,165 shares of the industrial products company's stock worth $372,000 after acquiring an additional 626 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Buying and Selling at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of the business's 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 owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Crown Stock Performance

Shares of Crown stock opened at $100.64 on Thursday. The business has a 50-day moving average price of $103.23 and a two-hundred day moving average price of $95.20. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year 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. The company has a market cap of $11.71 billion, a P/E ratio of 21.14, a PEG ratio of 1.53 and a beta of 0.74.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.81 EPS. The firm's 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. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Crown's dividend payout ratio (DPR) is 21.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CCK shares. Baird R W downgraded shares of Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their price objective on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their target price on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley upped their price target on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada raised their price objective on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.67.

Crown Company 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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