Sivia Capital Partners LLC Makes New Investment in Crown Holdings, Inc. $CCK

Key Points

• Sivia Capital Partners LLC invested approximately $401,000 in Crown Holdings, Inc., acquiring 3,896 shares during the second quarter.
• Several institutional investors increased their stake in Crown, with 90.93% of the stock now owned by institutional investors and hedge funds.
• Crown recently reported a quarterly earnings per share of $2.15, exceeding analysts' expectations of $1.86, alongside a revenue increase of 3.6% year-over-year.

Sivia Capital Partners LLC bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,896 shares of the industrial products company's stock, valued at approximately $401,000.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after purchasing an additional 107 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC boosted its stake in Crown by 161.2% in the first 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 stake in Crown by 74.4% in the first 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. Finally, Brooklyn Investment Group boosted its stake in Crown by 39.4% in the first 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. 90.93% of the stock is owned by institutional investors.

Crown Trading Down 0.6%

Shares of NYSE:CCK traded down $0.58 on Friday, hitting $94.68. The company had a trading volume of 1,471,775 shares, compared to its average volume of 1,253,003. The firm's 50-day simple moving average is $99.80 and its two-hundred day simple moving average is $96.64. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.45 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 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the company posted $1.81 EPS. The company's quarterly 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. Equities 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. Investors of record on Thursday, August 7th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's dividend payout ratio (DPR) is 21.85%.

Analysts Set New Price Targets

A number of brokerages recently commented on CCK. Citigroup restated a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. Loop Capital upped their price target on shares of Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price target on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Truist Financial upgraded shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Friday, September 5th. Finally, Robert W. Baird upped their price target on shares of Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.67.

Insider Transactions at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by corporate insiders.

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.