Brighton Jones LLC Invests $886,000 in Crown Holdings, Inc. $CCK

Brighton Jones LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,608 shares of the industrial products company’s stock, valued at approximately $886,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCK. Larson Financial Group LLC boosted its position in shares of Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC lifted its holdings in Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 245 shares in the last quarter. National Pension Service lifted its holdings in Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Crown during the second quarter worth about $46,000. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCK shares. UBS Group reiterated a “buy” rating and set a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Mizuho lifted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Royal Bank Of Canada lifted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Loop Capital lifted their target price on Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.08.

Crown Stock Performance

CCK opened at $98.98 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The business’s 50-day moving average price is $96.04 and its two-hundred day moving average price is $98.05. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.34 and a beta of 0.73. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s payout ratio is currently 12.87%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.