Jump Financial LLC Boosts Stock Position in Crown Holdings, Inc. $CCK

Key Points

• Jump Financial LLC significantly increased its stake in Crown Holdings, Inc. by 2,002.3% during Q1, owning 61,786 shares valued at approximately $5.5 million.
• Crown Holdings recently reported $2.15 earnings per share, exceeding estimates, and set FY 2025 guidance between $7.100-7.500 EPS.
• The company declared a quarterly dividend of $0.26, representing a 1.0% yield with a payout ratio of 21.85%.

Jump Financial LLC increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 2,002.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,786 shares of the industrial products company's stock after buying an additional 58,847 shares during the period. Jump Financial LLC owned about 0.05% of Crown worth $5,515,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Allstate Corp increased its stake in shares of Crown by 81.2% during the first quarter. Allstate Corp now owns 6,401 shares of the industrial products company's stock worth $571,000 after buying an additional 2,869 shares during the period. Compound Planning Inc. purchased a new position in Crown in the first quarter valued at approximately $202,000. Integrated Investment Consultants LLC purchased a new position in Crown in the first quarter valued at approximately $205,000. Candriam S.C.A. increased its stake in Crown by 10.3% in the first quarter. Candriam S.C.A. now owns 189,452 shares of the industrial products company's stock valued at $16,910,000 after purchasing an additional 17,715 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in Crown by 4.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 2,810 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 131 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Truist Financial reiterated a "hold" rating and issued a $118.00 price target (up from $117.00) on shares of Crown in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price 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 raised their target price on shares of Crown from $110.00 to $127.00 and gave the stock 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 stock a "neutral" rating in a research report on Wednesday, July 23rd. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

Crown Stock Performance

Shares of NYSE CCK traded down $0.72 during mid-day trading on Friday, hitting $99.42. 787,402 shares of the company were exchanged, compared to its average volume of 1,051,875. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The stock has a 50 day simple moving average of $103.02 and a 200-day simple moving average of $95.84. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $2.15 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 the consensus estimate of $3.10 billion. During the same quarter last year, the company earned $1.81 earnings per share. Crown's quarterly 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. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 yield of 1.0%. Crown's dividend payout ratio (DPR) is 21.85%.

Insiders Place Their Bets

In other news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction 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 completion of the transaction, the chief accounting officer owned 122,585 shares of the company's stock, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction on 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 transaction, the chief executive officer directly owned 449,056 shares of the company's stock, valued at $45,139,109.12. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by corporate insiders.

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.