Crown Holdings, Inc. $CCK Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in Crown Holdings, Inc. (NYSE:CCK) by 3.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 311,126 shares of the industrial products company’s stock after acquiring an additional 10,148 shares during the period. Westwood Holdings Group Inc.’s holdings in Crown were worth $32,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Crown by 13.7% during the first quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after buying an additional 149,339 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in Crown by 152.9% in the second quarter. Vinva Investment Management Ltd now owns 194,348 shares of the industrial products company’s stock worth $20,393,000 after acquiring an additional 117,494 shares during the last quarter. Greenland Capital Management LP purchased a new stake in shares of Crown in the 2nd quarter valued at approximately $589,000. Inspire Investing LLC acquired a new stake in shares of Crown in the 1st quarter valued at $762,000. Finally, Andra AP fonden lifted its position in shares of Crown by 52.6% during the 2nd quarter. Andra AP fonden now owns 20,900 shares of the industrial products company’s stock worth $2,152,000 after purchasing an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Up 1.9%

Shares of NYSE CCK opened at $97.81 on Monday. The business has a 50-day moving average price of $96.19 and a 200 day moving average price of $98.95. The stock has a market cap of $11.28 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.76. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio is currently 12.87%.

Analyst Ratings Changes

CCK has been the topic of several recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Monday, December 8th. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target (up from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company increased their price target on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.08.

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.