Vestcor Inc Trims Position in Crown Holdings, Inc. $CCK

Vestcor Inc lowered its holdings in Crown Holdings, Inc. (NYSE:CCK) by 64.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,405 shares of the industrial products company’s stock after selling 6,191 shares during the quarter. Vestcor Inc’s holdings in Crown were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Crown during the 4th quarter worth approximately $158,288,000. JPMorgan Chase & Co. boosted its stake in shares of Crown by 226.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after acquiring an additional 1,022,789 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of 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 in the last quarter. LSV Asset Management boosted its stake in shares of Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after acquiring an additional 724,620 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Crown during the 2nd quarter worth about $47,214,000. Institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

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

Crown Stock Up 4.0%

Shares of NYSE:CCK opened at $95.75 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $116.62. The firm’s 50 day moving average price is $100.10 and its 200 day moving average price is $103.00. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, May 14th. Crown’s dividend payout ratio (DPR) is 22.29%.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price objective on shares of Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective for the company in a report on Monday, May 18th. DA Davidson dropped their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Citigroup increased their target price on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Friday, March 27th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.