SYM FINANCIAL Corp Invests $263,000 in Crown Holdings, Inc. $CCK

SYM FINANCIAL Corp bought a new position in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,550 shares of the industrial products company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its holdings in Crown by 412.2% in the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after acquiring an additional 1,383,624 shares during the last quarter. Swedbank AB raised its holdings in Crown by 114.7% during the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after purchasing an additional 788,818 shares during the last quarter. Nuveen LLC bought a new stake in Crown during the 1st quarter worth about $41,360,000. Assenagon Asset Management S.A. raised its holdings in Crown by 4,180.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock worth $31,688,000 after purchasing an additional 300,521 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Crown by 1,719.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company’s stock worth $30,418,000 after purchasing an additional 279,145 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCK has been the subject of several recent research reports. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird increased their price target on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. UBS Group reissued a “buy” rating and issued a $117.00 price target on shares of Crown in a research note on Tuesday, October 21st. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Price Performance

CCK stock opened at $98.98 on Tuesday. The stock has a 50-day moving average price of $96.04 and a two-hundred day moving average price of $98.05. The stock has a market cap of $11.52 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. 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, topping analysts’ consensus estimates of $1.98 by $0.26. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

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

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

About Crown

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.