Private Management Group Inc. Decreases Stock Holdings in Crown Holdings, Inc. $CCK

Private Management Group Inc. trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 250,529 shares of the industrial products company’s stock after selling 25,893 shares during the quarter. Private Management Group Inc.’s holdings in Crown were worth $24,199,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. Geneos Wealth Management Inc. raised its position in Crown by 45.3% during the 1st 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. Quent Capital LLC purchased a new stake in Crown in the 3rd quarter worth approximately $34,000. Finally, Root Financial Partners LLC purchased a new stake in Crown in the 3rd quarter worth approximately $37,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Stock Up 1.0%

Shares of NYSE:CCK opened at $105.13 on Friday. The firm has a market capitalization of $11.90 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a 50 day moving average price of $108.22 and a 200-day moving average price of $101.08. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $116.62.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.05. The company had revenue of $3.13 billion for 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 firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.35 per share. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date is 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%.

Insider Transactions at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares of the company’s stock, valued at $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the sale, the chief executive officer owned 474,736 shares in the company, valued at approximately $52,539,033.12. This trade represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,988 shares of company stock worth $10,964,122 over the last ninety days. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCK shares. JPMorgan Chase & Co. cut Crown from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $112.00 to $155.00 in a research note on Friday, February 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a research note on Monday, February 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Crown in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on shares of Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.86.

About Crown

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.