Fuller & Thaler Asset Management Inc. Has $66.96 Million Stock Holdings in Crown Holdings, Inc. $CCK

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its stake in Crown Holdings, Inc. by 25.9%, owning about $66.96 million worth of shares after selling 261,621 shares in the first quarter.
• Crown Holdings reported earnings of $2.15 per share for the last quarter, exceeding analyst expectations of $1.86, and had revenues of $3.15 billion, up 3.6% year-over-year.
• The company recently declared a quarterly dividend of $0.26 per share, representing an annualized yield of 1.1%, with the ex-dividend date set for August 7th.

Fuller & Thaler Asset Management Inc. lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,214 shares of the industrial products company's stock after selling 261,621 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.64% of Crown worth $66,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after buying an additional 107 shares in the last quarter. Signaturefd LLC grew its position in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service increased its holdings in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 189 shares in the last quarter. Brooklyn Investment Group increased its holdings in Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 184 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 352 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Crown stock traded down $0.1110 during midday trading on Friday, reaching $100.8790. 1,048,905 shares of the company's stock were exchanged, compared to its average volume of 1,065,726. The stock's 50-day simple moving average is $103.24 and its 200 day simple moving average is $95.40. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCK - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm posted $1.81 earnings per share. The business's revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown's dividend payout ratio (DPR) is 21.85%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 13,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the transaction, the chief executive officer owned 449,056 shares of the company's stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the sale, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CCK. Mizuho raised their price objective 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. Morgan Stanley lifted 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. Citigroup restated a "buy" rating on shares of Crown in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Truist Financial reissued a "hold" rating and set a $118.00 price target (up from $117.00) on shares of Crown in a research report on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $120.67.

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.