Crown Holdings, Inc. $CCK Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 175.2% during the first quarter, HoldingsChannel.com reports. The fund owned 154,866 shares of the industrial products company’s stock after purchasing an additional 98,582 shares during the quarter. SG Americas Securities LLC’s holdings in Crown were worth $15,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Crown during the 3rd quarter worth $29,000. ORG Partners LLC raised its position in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. raised its position in 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 period. BOK Financial Private Wealth Inc. acquired a new position in shares of Crown during the fourth quarter worth about $42,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCK. Royal Bank Of Canada lowered their target price on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. UBS Group reduced their price target on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. DA Davidson decreased their price target on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Bank of America lowered their price objective on shares of Crown from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Finally, Truist Financial dropped their price objective on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.14.

Crown Stock Performance

NYSE:CCK opened at $109.82 on Friday. The firm has a 50-day moving average of $99.67 and a two-hundred day moving average of $103.42. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The stock has a market cap of $12.27 billion, a P/E ratio of 17.49, a PEG ratio of 1.80 and a beta of 0.63. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62.

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

Crown Dividend Announcement

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

Insider Activity

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

Crown Company Profile

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.