Nisa Investment Advisors LLC Purchases 15,462 Shares of Crown Holdings, Inc. $CCK

Nisa Investment Advisors LLC grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 541.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,320 shares of the industrial products company’s stock after purchasing an additional 15,462 shares during the period. Nisa Investment Advisors LLC’s holdings in Crown were worth $1,887,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CCK. Invesco Ltd. lifted its stake in Crown by 412.2% during the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock worth $153,464,000 after purchasing an additional 1,383,624 shares during the last quarter. Swedbank AB increased its holdings in shares of Crown by 114.7% in the first quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after buying an additional 788,818 shares during the period. Nuveen LLC purchased a new position in shares of Crown in the first quarter worth about $41,360,000. Assenagon Asset Management S.A. increased its holdings in shares of Crown by 4,180.3% in the second quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock worth $31,688,000 after buying an additional 300,521 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Crown by 1,719.4% in the second quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company’s stock worth $30,418,000 after buying an additional 279,145 shares during the period. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Crown Stock Up 0.6%

Shares of NYSE:CCK opened at $96.02 on Friday. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a market cap of $11.17 billion, a PE ratio of 11.88, a P/E/G ratio of 1.30 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The stock’s 50-day moving average is $95.78 and its 200 day moving average is $98.23.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business earned $1.99 EPS. Crown’s revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s dividend payout ratio is 12.87%.

Analysts Set New Price Targets

Several research firms have recently commented on CCK. Wells Fargo & Company lifted their price objective on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Truist Financial reiterated a “buy” rating and issued a $126.00 price objective (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Robert W. Baird lifted their price objective on Crown from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Mizuho lifted their price objective on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a report on Wednesday, October 8th. Twelve investment 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, Crown has an average rating of “Moderate Buy” and a consensus target price of $118.08.

About Crown

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.