Ritholtz Wealth Management Acquires 6,814 Shares of Crown Holdings, Inc. $CCK

Ritholtz Wealth Management lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,438 shares of the industrial products company’s stock after purchasing an additional 6,814 shares during the period. Ritholtz Wealth Management’s holdings in Crown were worth $3,352,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Crown during the 3rd quarter worth $29,000. ORG Partners LLC grew its position in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its stake 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 buying an additional 111 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of Crown in the fourth quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Trading Up 0.7%

NYSE CCK opened at $110.81 on Friday. The stock has a market capitalization of $12.38 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.81 and a beta of 0.63. The business has a 50 day simple moving average of $99.79 and a 200 day simple moving average of $103.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $116.62.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Research analysts expect that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.3%. Crown’s dividend payout ratio is currently 22.29%.

Analysts Set New Price Targets

CCK has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. DA Davidson lowered their price target on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. UBS Group reduced their price objective on shares of Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Finally, Truist Financial decreased their price objective on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $120.14.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,000 shares of company stock valued at $3,163,875 in the last ninety days. Company insiders own 0.90% of the company’s stock.

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.