Strs Ohio Makes New $10.54 Million Investment in Crown Holdings, Inc. $CCK

Key Points

• Strs Ohio has made a significant investment of $10.54 million in Crown Holdings, acquiring 118,083 shares, which represents approximately 0.10% ownership in the company.
• Crown Holdings recently reported earnings of $2.15 per share for the last quarter, surpassing analyst expectations, with a revenue of $3.15 billion compared to estimates of $3.10 billion.
• The company announced a quarterly dividend of $0.26 per share, contributing to an annualized dividend yield of 1.1%.

Strs Ohio bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,083 shares of the industrial products company's stock, valued at approximately $10,540,000. Strs Ohio owned 0.10% of Crown as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CCK. Jefferies Financial Group Inc. acquired a new stake in shares of Crown during the fourth quarter worth $267,000. OMERS ADMINISTRATION Corp increased its holdings in shares of Crown by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 5,025 shares of the industrial products company's stock worth $416,000 after acquiring an additional 845 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Crown by 39.2% in the 4th quarter. Quantinno Capital Management LP now owns 37,596 shares of the industrial products company's stock worth $3,109,000 after acquiring an additional 10,597 shares during the period. ProShare Advisors LLC increased its holdings in shares of Crown by 6.4% in the 4th quarter. ProShare Advisors LLC now owns 5,529 shares of the industrial products company's stock worth $457,000 after acquiring an additional 333 shares during the period. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of Crown in the 4th quarter worth about $713,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE:CCK opened at $96.53 on Friday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month 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 company has a 50-day moving average of $101.07 and a 200-day moving average of $96.40. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating 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 company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted $1.81 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown's dividend payout ratio (DPR) is 21.85%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley increased 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. Wall Street Zen cut shares of Crown from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Truist Financial raised shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Friday, September 5th. Citigroup reiterated a "buy" rating on shares of Crown in a research report on Wednesday, July 23rd. Finally, Baird R W lowered shares of Crown from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Activity

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares of the company's stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,222 shares of company stock valued at $5,873,770. Insiders own 0.90% of the company's stock.

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.

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