Crown Holdings, Inc. $CCK Shares Purchased by Hall Laurie J Trustee

Key Points

• Hall Laurie J Trustee increased its stake in Crown Holdings, Inc. by 33.7%, acquiring an additional 8,565 shares, bringing its total holdings to 33,990 shares valued at approximately $3,034,000.
• Crown Holdings recently declared a quarterly dividend of $0.26 per share, translating to an annual yield of 1.1%, with a dividend payout ratio of 21.85%.
• Analysts have raised their price targets for Crown shares, with the consensus target now at $120.67 and nine analysts rating it a "Buy."

Hall Laurie J Trustee boosted its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 33.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,990 shares of the industrial products company's stock after acquiring an additional 8,565 shares during the quarter. Hall Laurie J Trustee's holdings in Crown were worth $3,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in 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 acquiring an additional 149,339 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Crown by 155.4% during 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 buying an additional 1,091 shares during the period. GAMMA Investing LLC lifted its holdings in 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 buying an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Crown in the 1st quarter worth $820,000. Finally, Nisa Investment Advisors LLC boosted its position in 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 buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares of the company's stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at $12,617,674.05. This trade represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock valued at $5,873,770 over the last ninety days. Company insiders own 0.90% of the company's stock.

Crown Stock Performance

Shares of NYSE CCK traded up $1.93 during midday trading on Friday, hitting $94.20. The company's stock had a trading volume of 1,701,454 shares, compared to its average volume of 1,054,704. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The firm's fifty day moving average price is $102.14 and its 200-day moving average price is $96.13. 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 market cap of $10.96 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.44 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating 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 analyst estimates of $3.10 billion. During the same period in the previous year, the business posted $1.81 EPS. The company's quarterly 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, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.1%. Crown's payout ratio is 21.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CCK shares. Wells Fargo & Company lifted their target price on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their target price on Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Loop Capital increased their target price on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. UBS Group increased their target price on Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Bank of America increased their target price on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.