Crown Holdings, Inc. $CCK Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,482 shares of the industrial products company’s stock after purchasing an additional 191,045 shares during the period. Gotham Asset Management LLC’s holdings in Crown were worth $47,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCK. Smartleaf Asset Management LLC boosted its position in Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Crown in the third quarter worth about $29,000. ORG Partners LLC boosted its holdings in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 111 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Crown during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCK. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a research report on Monday, February 23rd. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a research note on Monday, May 18th. Citigroup upped their price target on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Finally, Bank of America dropped their target price on shares of Crown from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Crown Stock Performance

Shares of CCK opened at $101.92 on Thursday. The stock has a market capitalization of $11.39 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.69 and a beta of 0.63. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The firm’s 50 day moving average is $99.80 and its 200-day moving average is $103.12. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company posted $1.67 EPS. The company’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. 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 was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Crown’s payout ratio is currently 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.