Crown Holdings, Inc. $CCK Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Crown Holdings, Inc. by 33.9% during the first quarter, owning nearly 32,000 shares valued at approximately $2.85 million.
• Analyst reports indicate mixed sentiment, with Baird R W downgrading Crown to a "hold" while Mizuho raised its price target to $127.00, maintaining an "outperform" rating.
• Crown Holdings announced a quarterly dividend of $0.26 per share, resulting in a 1.0% dividend yield, set to be paid on August 21st.

LPL Financial LLC boosted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,973 shares of the industrial products company's stock after acquiring an additional 8,092 shares during the period. LPL Financial LLC's holdings in Crown were worth $2,854,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Crown by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company's stock valued at $279,836,000 after acquiring an additional 167,252 shares in the last quarter. AQR Capital Management LLC grew its stake in Crown by 30.6% during the 4th quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock valued at $140,720,000 after acquiring an additional 399,842 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Crown by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company's stock valued at $128,464,000 after purchasing an additional 12,784 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Crown by 22.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock valued at $128,126,000 after purchasing an additional 279,596 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Crown by 32.0% in the 4th quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock valued at $90,373,000 after purchasing an additional 264,803 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Transactions at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the firm'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 transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.90% of the company's stock.

Crown Stock Up 1.3%

Shares of CCK traded up $1.2880 during midday trading on Tuesday, reaching $100.1380. The stock had a trading volume of 599,325 shares, compared to its average volume of 1,345,087. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company's fifty day simple moving average is $103.22 and its two-hundred day simple moving average is $95.16. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.51 and a beta of 0.74. 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 (NYSE:CCK - Get Free Report) last posted 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. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company's revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. 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 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. Crown's dividend payout ratio (DPR) is presently 21.85%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CCK shares. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a report on Sunday. Morgan Stanley upped their price objective on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Truist Financial restated a "hold" rating and issued a $118.00 price objective (up from $117.00) on shares of Crown in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Crown currently has an average rating of "Moderate Buy" and an average target price of $120.67.

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.