Prudential Financial Inc. Purchases 79,291 Shares of Crown Holdings, Inc. $CCK

Prudential Financial Inc. boosted its position in Crown Holdings, Inc. (NYSE:CCK) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,043 shares of the industrial products company’s stock after purchasing an additional 79,291 shares during the quarter. Prudential Financial Inc. owned about 0.26% of Crown worth $31,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Geneos Wealth Management Inc. boosted its position in shares of Crown by 45.3% in the first 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. National Pension Service increased its position in Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 189 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Crown in the 2nd quarter worth about $46,000. Cullen Frost Bankers Inc. boosted its holdings in Crown by 3,569.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 464 shares during the period. Finally, Allworth Financial LP boosted its holdings in Crown by 420.9% in the 2nd quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 484 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Down 2.1%

NYSE CCK opened at $95.26 on Tuesday. The business has a fifty day moving average price of $95.84 and a two-hundred day moving average price of $99.09. The stock has a market capitalization of $10.99 billion, a PE ratio of 11.79, a PEG ratio of 1.30 and a beta of 0.78. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. 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 (NYSE:CCK) last issued its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.13 billion. During the same quarter last year, the company posted $1.99 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown’s payout ratio is presently 12.87%.

Wall Street Analysts Forecast Growth

CCK has been the topic of several recent research reports. Mizuho raised their target price on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price objective (up from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.08.

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.