Candriam S.C.A. Lowers Position in Crown Holdings, Inc. $CCK

Candriam S.C.A. cut its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 8.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,628 shares of the industrial products company’s stock after selling 16,824 shares during the quarter. Candriam S.C.A.’s holdings in Crown were worth $17,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CCK. Farther Finance Advisors LLC lifted its position in Crown by 19.7% during the second quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $65,000 after buying an additional 104 shares during the period. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% during the 1st 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 period. ProShare Advisors LLC boosted its stake in Crown by 2.3% during the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 113 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Crown by 1.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after purchasing an additional 114 shares during the period. Institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

CCK has been the subject of several recent research reports. Citigroup lowered their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a report on Monday, September 29th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Wells Fargo & Company raised their price target on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Finally, Robert W. Baird raised their price objective 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. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Trading Up 2.2%

Shares of NYSE:CCK opened at $100.87 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. 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 $11.64 billion, a P/E ratio of 12.48, a PEG ratio of 1.30 and a beta of 0.78. The stock’s fifty day moving average price is $95.76 and its 200-day moving average price is $99.06.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.99 EPS. 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 expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given 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 yield of 1.0%. Crown’s dividend payout ratio is 12.87%.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares in the company, valued at approximately $45,139,109.12. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.