Crown (NYSE:CCK) Reaches New 1-Year High – What’s Next?

Crown Holdings, Inc. (NYSE:CCK) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $122.00 and last traded at $121.5140, with a volume of 105 shares changing hands. The stock had previously closed at $121.66.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Jefferies Financial Group set a $121.00 price target on shares of Crown in a research report on Wednesday, July 22nd. Bank of America boosted their target price on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut Crown from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $107.00 to $121.00 in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price target on shares of Crown from $117.00 to $127.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Trading Down 0.9%

The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of $108.74 and a 200-day simple moving average of $106.18. The company has a market capitalization of $13.17 billion, a PE ratio of 17.42, a PEG ratio of 1.71 and a beta of 0.59.

Crown (NYSE:CCK) last posted its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Analysts predict that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s dividend payout ratio (DPR) is presently 20.14%.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer directly 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Crown during the fourth quarter worth about $158,288,000. Fuller & Thaler Asset Management Inc. acquired a new position in Crown in the 4th quarter valued at about $127,230,000. Bank of New York Mellon Corp purchased a new stake in Crown during the 2nd quarter valued at approximately $112,578,000. AQR Capital Management LLC lifted its position in Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after acquiring an additional 933,938 shares during the period. Finally, Invesco Ltd. lifted its position in Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after acquiring an additional 886,471 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

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.