4,822 Shares in Crown Holdings, Inc. $CCK Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has made a significant investment in Crown Holdings, purchasing 4,822 shares valued at approximately $430,000 in the first quarter.
• Key insider sales include CAO Gerard H. Gifford and CEO Timothy J. Donahue, who sold 8,222 and 13,000 shares respectively, indicating a 6.29% and 2.81% decrease in their stakes.
• Crown Holdings recently declared a quarterly dividend of $0.26 per share, with a dividend yield of 1.1% and a payout ratio of 21.85%.

Teza Capital Management LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,822 shares of the industrial products company's stock, valued at approximately $430,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in shares of Crown during the first quarter worth approximately $205,000. Seven Six Capital Management LLC raised its position in Crown by 3.5% during the first quarter. Seven Six Capital Management LLC now owns 74,412 shares of the industrial products company's stock valued at $6,642,000 after purchasing an additional 2,550 shares in the last quarter. PharVision Advisers LLC acquired a new position in Crown during the first quarter valued at approximately $396,000. NewEdge Advisors LLC increased its holdings in shares of Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company's stock worth $528,000 after buying an additional 351 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Crown during the first quarter worth $111,000. Institutional investors own 90.93% of the company's stock.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer directly owned 462,056 shares of the company's stock, valued at $46,464,351.36. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CCK has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Loop Capital increased their price objective on shares of Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Mizuho upped their target price on shares of Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup reissued a "buy" rating on shares of Crown in a research report on Wednesday, July 23rd. Finally, Bank of America lifted their price target on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Price Performance

NYSE:CCK traded down $1.06 during midday trading on Friday, hitting $96.53. The company had a trading volume of 1,215,202 shares, compared to its average volume of 1,201,631. 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 company has a market capitalization of $11.23 billion, a PE ratio of 20.28, a P/E/G ratio of 1.49 and a beta of 0.73. The stock's fifty day moving average price is $101.07 and its 200-day moving average price is $96.40. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $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, research 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 was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.26 dividend. 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 is presently 21.85%.

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.