Lbp Am Sa Acquires 6,625 Shares of Crown Holdings, Inc. $CCK

Key Points

• Lbp Am Sa increased its holdings in Crown Holdings, Inc. by 10.8%, acquiring an additional 6,625 shares during the second quarter, totaling 67,716 shares valued at approximately $6.97 million.
• Several institutional investors have recently boosted their positions in Crown, with notable increases from Larson Financial Group (47.6%) and Signaturefd LLC (161.2%) in the first quarter.
• Crown Holdings reported a net margin of 4.64% and surpassed earnings expectations with $2.15 EPS for the last quarter, compared to a forecast of $1.86.

Lbp Am Sa grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,716 shares of the industrial products company's stock after acquiring an additional 6,625 shares during the quarter. Lbp Am Sa owned about 0.06% of Crown worth $6,973,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCK. Larson Financial Group LLC boosted its position in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 107 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% in the 1st 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 during the last quarter. Signaturefd LLC lifted its position 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 buying an additional 245 shares during the last quarter. National Pension Service lifted its position 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 buying an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position 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 buying an additional 184 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Analyst Ratings Changes

CCK has been the subject of a number of recent research reports. Wells Fargo & Company boosted 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. Morgan Stanley boosted their target price on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Mizuho boosted their target price on Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group boosted their price objective on Crown from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded Crown from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.25.

Insider Activity at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of the business'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 transaction of $846,290.46. Following the transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 462,056 shares in the company, 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 have sold 58,222 shares of company stock worth $5,873,770 over the last three months. Insiders own 0.90% of the company's stock.

Crown Stock Performance

Shares of CCK stock opened at $96.79 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The stock has a 50 day moving average price of $98.21 and a two-hundred day moving average price of $96.95. The company has a market capitalization of $11.26 billion, a P/E ratio of 20.33, a PEG ratio of 1.48 and a beta of 0.73.

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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The business'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. Analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced 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 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%.

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.

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