Focus Partners Advisor Solutions LLC Buys New Stake in Crown Holdings, Inc. $CCK

Focus Partners Advisor Solutions LLC acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,814 shares of the industrial products company's stock, valued at approximately $251,000.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Crown by 13.7% in the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock worth $110,883,000 after purchasing an additional 149,339 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after buying an additional 1,091 shares during the period. GAMMA Investing LLC lifted its holdings in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after buying an additional 630 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Crown during the 1st quarter valued at $820,000. Finally, Nisa Investment Advisors LLC increased its holdings 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 valued at $256,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Wells Fargo & Company increased their price target on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Mizuho increased their target price on shares of Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird raised their target price on shares of Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Insider Activity

In related news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the sale, the chief executive officer owned 462,056 shares of the company's stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the sale, the chief accounting officer 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. Over the last 90 days, insiders sold 58,222 shares of company stock valued at $5,873,770. Company insiders own 0.90% of the company's stock.

Crown Stock Performance

CCK stock 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 1,201,631. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a 50-day simple moving average of $101.07 and a 200-day simple moving average of $96.34.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The business's revenue for the quarter 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, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown's dividend 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.