Crown Holdings, Inc. $CCK Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 52.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,032 shares of the industrial products company’s stock after selling 120,806 shares during the quarter. Squarepoint Ops LLC owned approximately 0.10% of Crown worth $12,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCK. Caitong International Asset Management Co. Ltd purchased a new stake in Crown during the third quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted 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 worth $32,000 after buying an additional 111 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in shares of Crown in the 4th quarter valued at approximately $42,000. Smartleaf Asset Management LLC increased its stake in Crown by 52.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after buying an additional 151 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 91 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a report on Wednesday, July 22nd. Bank of America lifted their price objective on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. UBS Group raised their target price on shares of Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $121.00 price target on Crown in a research report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Insider Activity

In other Crown news, CEO Timothy Donahue sold 15,000 shares of the business’s 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 of the company’s stock, valued at $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Crown Stock Performance

Crown stock opened at $111.66 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $122.91. The company has a fifty day moving average price of $116.64 and a two-hundred day moving average price of $107.73. The company has a market cap of $12.14 billion, a PE ratio of 16.07, a P/E/G ratio of 1.59 and a beta of 0.58.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Research analysts expect that Crown Holdings, Inc. will post 8.39 earnings per share for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors 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 dividend on an annualized basis and a yield of 1.3%. Crown’s dividend payout ratio (DPR) is currently 20.14%.

Crown Company Profile

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.