PharVision Advisers LLC Purchases Shares of 4,440 Crown Holdings, Inc. $CCK

Key Points

• PharVision Advisers LLC invested approximately $396,000 in Crown Holdings, acquiring 4,440 shares of the company during the first quarter.
• Crown Holdings, Inc. reported earnings per share (EPS) of $2.15 for the last quarter, exceeding the analyst estimate of $1.86, and projects FY 2025 EPS guidance between 7.100-7.500.
• Several brokerages have raised their price targets on Crown stock, with Robert W. Baird increasing theirs to $110.00 and Loop Capital to $140.00, reflecting a generally positive outlook among analysts.

PharVision Advisers LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,440 shares of the industrial products company's stock, valued at approximately $396,000.

Several other institutional investors and hedge funds 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. Signaturefd LLC boosted its position in shares of Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service boosted its position in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 189 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 184 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in shares of Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 352 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Down 0.1%

Shares of CCK traded down $0.14 during mid-day trading on Monday, hitting $94.10. 1,433,848 shares of the company's stock were exchanged, compared to its average volume of 1,091,465. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.44 and a beta of 0.73. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. 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's 50-day moving average is $101.97 and its 200-day moving average is $96.23.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Insider Buying and Selling

In related news, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This represents 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 the SEC website. Also, CEO Timothy J. Donahue sold 13,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares in the company, valued at $45,139,109.12. The trade was a 2.81% 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 90 days. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCK. Morgan Stanley boosted their price target on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. 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 research report on Wednesday, July 23rd. Truist Financial raised shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research report on Friday. Mizuho upped their target price on shares of Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen cut shares of Crown from a "strong-buy" rating to a "buy" rating in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.