VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $2.90 Million Investment in Crown Holdings, Inc. $CCK

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,900 shares of the industrial products company’s stock, valued at approximately $2,896,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CCK. Louisiana State Employees Retirement System acquired a new stake in Crown during the first quarter worth about $3,258,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Crown in the fourth quarter valued at approximately $3,855,000. World Investment Advisors acquired a new position in Crown in the fourth quarter valued at approximately $1,188,000. Natixis Advisors LLC grew its holdings in shares of Crown by 51.3% during the fourth quarter. Natixis Advisors LLC now owns 251,044 shares of the industrial products company’s stock valued at $25,850,000 after purchasing an additional 85,156 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Crown during the fourth quarter valued at approximately $24,707,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCK. JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $107.00 to $121.00 in a report on Wednesday, July 22nd. Wells Fargo & Company upped their price objective on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. Bank of America raised their target price on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Stock Performance

CCK opened at $112.80 on Friday. 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 business’s 50 day moving average is $116.63 and its 200-day moving average is $107.71. The stock has a market cap of $12.27 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $122.91.

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

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s dividend payout ratio is presently 20.14%.

Insider Activity at Crown

In other news, CEO Timothy Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.