Sei Investments Co. Raises Stake in Crown Holdings, Inc. $CCK

Key Points

• Sei Investments Co. increased its holdings in Crown Holdings, Inc. by 3.3%, owning approximately 0.21% of the company, equivalent to $20.7 million.
• Crown Holdings reported $2.15 earnings per share for the last quarter, beating estimates of $1.86, and revenue was up 3.6% compared to the previous year.
• The company declared a quarterly dividend of $0.26 per share, which indicates a payout ratio of 21.85% and a yield of 1.0%.

Sei Investments Co. raised its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,785 shares of the industrial products company's stock after buying an additional 7,907 shares during the period. Sei Investments Co. owned approximately 0.21% of Crown worth $20,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares during the period. Signaturefd LLC boosted its position in Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service raised its stake in Crown by 74.4% during the first 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. Colonial Trust Co SC raised its stake in shares of Crown by 88.0% in 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 period. Finally, Parallel Advisors LLC increased its stake in Crown by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of NYSE CCK traded up $0.7670 during trading on Tuesday, reaching $99.6170. The company had a trading volume of 177,167 shares, compared to its average volume of 1,278,536. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The stock has a market cap of $11.59 billion, a PE ratio of 20.93, a PEG ratio of 1.54 and a beta of 0.74. 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 business's 50 day moving average price is $103.22 and its 200-day moving average price is $95.13.

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 for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. Crown's revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 7th. Crown's dividend payout ratio (DPR) is presently 21.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Bank of America increased their target price on shares of Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Baird R W downgraded shares of Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their price target on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Buying and Selling at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of Crown 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 $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company's stock.

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.