Y Intercept Hong Kong Ltd Buys 8,185 Shares of Crown Holdings, Inc. $CCK

Y Intercept Hong Kong Ltd lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,668 shares of the industrial products company’s stock after purchasing an additional 8,185 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.06% of Crown worth $6,383,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCK. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the 3rd quarter worth $29,000. ORG Partners LLC raised its position in shares of Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 acquiring an additional 111 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Crown in the fourth quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 151 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CCK shares. Wells Fargo & Company dropped their price objective on Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. DA Davidson reduced their target price on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Truist Financial dropped their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective on the stock in a report on Monday, May 18th. Finally, Bank of America reduced their price objective on shares of Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.14.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,000 shares of company stock worth $3,163,875. Corporate insiders own 0.90% of the company’s stock.

Crown Price Performance

NYSE CCK opened at $113.17 on Friday. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The business has a 50 day simple moving average of $100.57 and a 200 day simple moving average of $104.05. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.87 and a beta of 0.60.

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

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors 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 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is presently 22.29%.

About Crown

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.