Inspire Investing LLC Acquires Shares of 8,532 Crown Holdings, Inc. $CCK

Key Points

• Inspire Investing LLC acquired a new stake in Crown Holdings, Inc. by purchasing 8,532 shares valued at approximately $762,000 during the first quarter of the year.
• Institutional investors currently hold 90.93% of Crown Holdings' stock, with notable increases in positions from firms like Larson Financial Group and Signaturefd.
• Crown Holdings recently declared a quarterly dividend of $0.26 per share, reflecting a dividend yield of 1.1% and a payout ratio of 21.85%.

Inspire Investing LLC acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,532 shares of the industrial products company's stock, valued at approximately $762,000.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after buying an additional 245 shares in the last quarter. National Pension Service increased its holdings in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after buying an additional 189 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Crown by 39.4% during the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after buying an additional 184 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 completion of the transaction, the chief accounting officer directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at $46,464,351.36. This trade represents a 7.41% 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 quarter. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho upped their price target on shares of Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Citigroup reiterated a "buy" rating on shares of Crown in a report on Wednesday, July 23rd. Baird R W downgraded Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Finally, Robert W. Baird increased their price objective on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

Crown Price Performance

CCK stock opened at $96.53 on Friday. The stock has a market capitalization of $11.23 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. The company's 50-day moving average is $101.07 and its 200-day moving average is $96.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business posted $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. Equities research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.1%. Crown's dividend payout ratio (DPR) is presently 21.85%.

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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