Y Intercept Hong Kong Ltd Purchases Shares of 13,227 Crown Holdings, Inc. $CCK

Y Intercept Hong Kong Ltd acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,227 shares of the industrial products company’s stock, valued at approximately $1,362,000.

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

Insider Activity at Crown

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Truist Financial restated a “buy” rating and set a $126.00 target price (up from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Citigroup lowered their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Loop Capital boosted their target price on shares of Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Price Performance

NYSE:CCK opened at $97.19 on Monday. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The company has a market cap of $11.31 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.30 and a beta of 0.73. The firm’s fifty day moving average price is $95.71 and its two-hundred day moving average price is $98.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company earned $1.99 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. 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 earnings per share for the current year.

Crown Dividend Announcement

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

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.