VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Position in Crown Holdings, Inc. $CCK

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 45.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,000 shares of the industrial products company’s stock after selling 11,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Crown were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCK. Smartleaf Asset Management LLC boosted its stake in shares of Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Crown in the 3rd quarter worth approximately $29,000. ORG Partners LLC boosted its stake in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. Finally, Quent Capital LLC bought a new position in Crown during the third quarter valued at $34,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares in the company, valued at $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,234 shares of company stock worth $5,832,363 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

CCK has been the subject of several research reports. Citigroup increased their price objective on Crown from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Mizuho increased their price objective on Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. UBS Group reduced their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of Crown in a report on Friday, February 6th. Finally, Wells Fargo & Company dropped their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and an average target price of $120.00.

Crown Trading Down 3.1%

Shares of CCK stock opened at $96.16 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The company has a market capitalization of $10.75 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65. The business’s fifty day moving average is $102.69 and its 200 day moving average is $103.16.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $1.67 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 8.05 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.