Olympiad Research LP Purchases Shares of 2,737 Crown Holdings, Inc. $CCK

Olympiad Research LP purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,737 shares of the industrial products company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Larson Financial Group LLC grew its holdings in Crown by 47.6% during the first 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 during the period. Geneos Wealth Management Inc. grew its stake in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the period. Signaturefd LLC grew its stake in shares of Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 245 shares during the period. National Pension Service increased its holdings in shares of Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crown in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

Shares of CCK stock opened at $100.87 on Friday. The firm’s 50 day moving average price is $95.76 and its 200-day moving average price is $99.06. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The firm has a market cap of $11.64 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $1.99 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts predict 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. Investors of record on Thursday, November 6th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown’s dividend payout ratio is presently 12.87%.

Analyst Ratings Changes

CCK has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $117.00 price target on shares of Crown in a research note on Tuesday, October 21st. Baird R W cut shares of Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the sale, the chief executive officer directly owned 462,056 shares in the company, valued at $46,464,351.36. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

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.