Hennessy Advisors Inc. Makes New Investment in Crown Holdings, Inc. $CCK

Key Points

• Hennessy Advisors bought 449,500 shares of Crown (~$43.42M) in Q3, making the stock its 12th largest holding (about 1.5% of Hennessy's portfolio) and representing 0.39% ownership of Crown.
• Institutional ownership is high at 90.93% with major increases from State Street, BNY Mellon, Invesco, AQR and Swedbank, while analysts remain mostly positive (12 Buys, 3 Holds) with a consensus target of $118.08.
• Recent results: Crown beat Q3 estimates (EPS $2.24 vs. $1.98; revenue $3.20B vs. $3.13B), issued Q4 and FY2025 guidance (1.65–1.75 and 7.70–7.80 EPS), pays a $0.26 quarterly dividend (≈1.0% yield), and saw recent insider stock sales by the CEO and COO.

Hennessy Advisors Inc. bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 449,500 shares of the industrial products company's stock, valued at approximately $43,417,000. Crown accounts for approximately 1.5% of Hennessy Advisors Inc.'s investment portfolio, making the stock its 12th largest holding. Hennessy Advisors Inc. owned 0.39% of Crown as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Crown by 1.6% in the second quarter. State Street Corp now owns 4,421,691 shares of the industrial products company's stock valued at $455,346,000 after buying an additional 71,355 shares during the period. Bank of New York Mellon Corp grew its holdings in Crown by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company's stock worth $339,902,000 after acquiring an additional 165,600 shares during the period. Invesco Ltd. raised its position in shares of Crown by 58.6% during the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company's stock valued at $280,855,000 after acquiring an additional 1,007,980 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Crown by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company's stock valued at $260,835,000 after purchasing an additional 765,136 shares during the period. Finally, Swedbank AB boosted its position in shares of Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company's stock worth $240,854,000 after purchasing an additional 943,045 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Crown in a research report on Monday. Wells Fargo & Company upped their price target on Crown from $97.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada lifted their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 22nd. Finally, Mizuho upped their target price on shares of Crown from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, October 21st. Twelve research 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, Crown has an average rating of "Moderate Buy" and a consensus target price of $118.08.

Crown Trading Down 0.6%

NYSE CCK opened at $103.11 on Thursday. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The firm has a market cap of $11.89 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.41 and a beta of 0.76. The stock's 50-day moving average is $98.69 and its 200-day moving average is $99.29.

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

Crown Announces Dividend

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

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 8,476 shares of the company's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the transaction, the chief executive officer directly owned 440,580 shares of the company's stock, valued at approximately $46,265,305.80. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Insiders own 0.90% of the company's stock.

Crown 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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