VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Crown Holdings, Inc. $CCK

Key Points

• Virginia Retirement Systems initiated a position in Crown Holdings by purchasing 25,900 shares valued at approximately $2.9 million. Institutional investors collectively own 90.93% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $128.20, above Crown’s reported $112.80 opening price.
• Crown exceeded quarterly expectations, reporting $2.49 in earnings per share versus a $2.16 estimate and $3.67 billion in revenue, up 16.5% year over year. The company also declared a quarterly dividend of $0.35 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,900 shares of the industrial products company's stock, valued at approximately $2,896,000.

Several other hedge funds have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Crown in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 111 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Crown during the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC lifted its position in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company's stock worth $46,000 after purchasing an additional 151 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock worth $49,000 after purchasing an additional 91 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Crown from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Jefferies Financial Group set a $121.00 price objective on shares of Crown in a research report on Wednesday, July 22nd. Royal Bank Of Canada raised their target price on Crown from $131.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings raised Crown from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial boosted their price target on Crown from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Crown Trading Up 0.9%

CCK opened at $112.80 on Friday. The stock has a market capitalization of $12.27 billion, a PE ratio of 16.23, a P/E/G ratio of 1.57 and a beta of 0.58. The firm's fifty day moving average price is $116.63 and its 200 day moving average price is $107.71. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $122.91.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, research analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. Crown's dividend payout ratio (DPR) is 20.14%.

Insiders Place Their Bets

In related news, CEO Timothy Donahue sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares of the company's stock, valued at $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

About Crown

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.

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