Timothy Donahue Sells 7,500 Shares of Crown (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) CEO Timothy Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $787,500.00. Following the transaction, the chief executive officer directly owned 458,570 shares of the company's stock, valued at $48,149,850. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Crown Stock Up 0.7%

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CCK stock opened at $107.94 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $12.12 billion, a PE ratio of 16.95, a PEG ratio of 1.76 and a beta of 0.75. Crown Holdings, Inc. has a twelve month low of $80.32 and a twelve month high of $116.62. The stock has a 50-day simple moving average of $107.70 and a two-hundred day simple moving average of $101.89.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.05. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $2.99 billion. Crown had a return on equity of 26.68% and a net margin of 5.97%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. On average, equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

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The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.35 per share. This is an increase from Crown's previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Crown's dividend payout ratio (DPR) is presently 21.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Crown from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $112.00 to $155.00 in a research report on Friday, February 6th. Wells Fargo & Company cut their price objective on Crown from $120.00 to $111.00 and set an "equal weight" rating for the company in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Crown in a report on Wednesday, April 1st. They set a "buy" rating and a $124.00 price objective for the company. Jefferies Financial Group reissued a "buy" rating on shares of Crown in a report on Monday, February 23rd. Finally, Mizuho boosted their price objective on Crown from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.13.

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Get Our Latest Research Report on Crown

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. purchased a new stake in Crown in the third quarter worth approximately $43,417,000. CWM LLC boosted its stake in Crown by 73.3% in the third quarter. CWM LLC now owns 72,075 shares of the industrial products company's stock worth $6,962,000 after buying an additional 30,488 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Crown in the third quarter worth approximately $15,472,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Crown by 235.5% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 25,500 shares of the industrial products company's stock worth $2,463,000 after buying an additional 17,900 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Crown by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company's stock worth $171,668,000 after buying an additional 36,540 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Company Profile

(Get Free Report)

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.

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