Edgestream Partners L.P. Boosts Position in Crown Holdings, Inc. $CCK

Edgestream Partners L.P. boosted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 187.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,806 shares of the industrial products company’s stock after buying an additional 17,487 shares during the quarter. Edgestream Partners L.P.’s holdings in Crown were worth $2,687,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CCK. Royal Bank of Canada grew its stake in Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after acquiring an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crown in the first quarter valued at approximately $111,000. NewEdge Advisors LLC boosted its holdings in shares of Crown by 6.3% in the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 351 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Crown by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock worth $59,471,000 after purchasing an additional 127,737 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. The trade was a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Price Performance

NYSE CCK opened at $118.17 on Friday. The company has a market cap of $13.21 billion, a PE ratio of 17.00, a P/E/G ratio of 1.65 and a beta of 0.60. The firm’s 50 day moving average price is $106.86 and its 200-day moving average price is $105.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $121.90.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. Crown’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Sell-side analysts forecast that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.35 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 20.14%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup reaffirmed a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a research report on Wednesday, July 8th. BMO Capital Markets increased their price target on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial restated a “buy” rating and set a $141.00 price target (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Finally, UBS Group lifted their price objective on Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.20.

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.