Crown Holdings, Inc. $CCK Shares Sold by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in Crown Holdings, Inc. by 27.8%, now owning 7,492 shares valued at approximately $669,000.
• Several institutional investors, including Larson Financial Group LLC and Signaturefd LLC, significantly increased their stakes in Crown during the 1st quarter, with ownership by institutional investors now at 90.93%.
• Analysts have set new price targets for Crown, with most ratings being Buy; the average consensus price target is $120.67.

Landscape Capital Management L.L.C. lessened its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,492 shares of the industrial products company's stock after selling 2,882 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Crown were worth $669,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CCK. Larson Financial Group LLC raised its holdings in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after purchasing an additional 107 shares during the period. Signaturefd LLC raised its holdings in Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after purchasing an additional 245 shares during the period. National Pension Service raised its holdings in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the period. Brooklyn Investment Group raised its holdings in Crown by 39.4% in the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the period. Finally, Colonial Trust Co SC raised its holdings in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial reissued a "hold" rating and set a $118.00 target price (up previously from $117.00) on shares of Crown in a report on Wednesday, July 23rd. Morgan Stanley increased their target price on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Loop Capital increased their target price on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Citigroup reissued a "buy" rating on shares of Crown in a report on Wednesday, July 23rd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average price target of $120.67.

Insider Buying and Selling

In other news, 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 value of $846,290.46. Following the completion of the sale, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. 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 13,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares of the company's stock, valued at $45,139,109.12. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock valued at $5,873,770 over the last 90 days. Company insiders own 0.90% of the company's stock.

Crown Price Performance

Shares of CCK stock traded down $6.57 during trading hours on Wednesday, reaching $92.19. The company had a trading volume of 2,817,833 shares, compared to its average volume of 1,274,885. 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 stock has a fifty day moving average of $102.81 and a 200-day moving average of $96.04. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.52 and a beta of 0.73. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown's dividend payout ratio is 21.85%.

About Crown

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.