Legal & General Group Plc Purchases 63,145 Shares of Crown Holdings, Inc. $CCK

Legal & General Group Plc lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 376,093 shares of the industrial products company’s stock after purchasing an additional 63,145 shares during the quarter. Legal & General Group Plc’s holdings in Crown were worth $38,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CCK. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% in the first 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. National Pension Service increased its holdings in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after buying an additional 189 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Crown in the 2nd quarter valued at $46,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 464 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 184 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of NYSE:CCK opened at $96.99 on Thursday. The business has a fifty day moving average of $95.91 and a 200-day moving average of $99.07. 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 twelve month low of $75.98 and a twelve month high of $109.48. The firm has a market cap of $11.19 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CCK shares. Royal Bank Of Canada upped their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial reiterated a “buy” rating and issued a $126.00 price objective (up from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Mizuho raised their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Citigroup decreased their price target on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Finally, Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.08.

Crown 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.