463,362 Shares in Crown Holdings, Inc. $CCK Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested $41.36 million in Crown Holdings, acquiring 463,362 shares, representing around 0.40% of the company's total stock.
• Crown Holdings reported a EPS of $2.15 for the last quarter, exceeding estimates of $1.86, with revenue also surpassing expectations at $3.15 billion.
• The company declared a quarterly dividend of $0.26 per share, which will be paid on August 21st, and has a current dividend yield of 1.0%.

Nuveen LLC bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 463,362 shares of the industrial products company's stock, valued at approximately $41,360,000. Nuveen LLC owned about 0.40% of Crown at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Invesco Ltd. lifted its stake in Crown by 14.4% during the 4th quarter. Invesco Ltd. now owns 335,672 shares of the industrial products company's stock valued at $27,757,000 after acquiring an additional 42,182 shares during the period. Raymond James Financial Inc. purchased a new stake in Crown in the fourth quarter worth approximately $8,466,000. Jump Financial LLC purchased a new stake in Crown in the fourth quarter worth approximately $243,000. NewEdge Advisors LLC grew its position in Crown by 588.0% in the 4th quarter. NewEdge Advisors LLC now owns 5,566 shares of the industrial products company's stock worth $460,000 after purchasing an additional 4,757 shares during the period. Finally, Marshall Wace LLP raised its stake in Crown by 19.9% during the 4th quarter. Marshall Wace LLP now owns 4,643 shares of the industrial products company's stock valued at $384,000 after buying an additional 769 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group raised their price objective on shares of Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Loop Capital upped their target price on shares of Crown from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird boosted their price target on Crown from $105.00 to $110.00 and gave the company a "neutral" rating 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.67.

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 sale, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade 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 can be accessed through this link. 0.90% of the stock is currently owned by insiders.

Crown Price Performance

CCK traded up $0.0370 during trading on Wednesday, hitting $100.2270. 296,409 shares of the company traded hands, compared to its average volume of 1,274,922. The company has a market cap of $11.66 billion, a PE ratio of 21.07, a P/E/G ratio of 1.51 and a beta of 0.74. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock's 50-day simple moving average is $103.22 and its two-hundred day simple moving average is $95.16.

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, topping analysts' consensus estimates of $1.86 by $0.29. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous 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. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

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 $0.26 dividend. 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 is 21.85%.

Crown 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.