7,120 Shares in Crown Holdings, Inc. $CCK Acquired by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,120 shares of the industrial products company’s stock, valued at approximately $688,000.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in Crown by 103.1% during the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the period. Quent Capital LLC purchased a new position in shares of Crown during the 3rd quarter worth $34,000. Root Financial Partners LLC acquired a new stake in shares of Crown during the third quarter worth $37,000. Finally, Mather Group LLC. purchased a new stake in shares of Crown in the third quarter valued at $39,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling

In other news, COO Djalma Novaes, Jr. sold 19,754 shares of Crown stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the transaction, the chief operating officer directly owned 96,841 shares in the company, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 29,024 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the completion of the sale, the chief executive officer owned 411,556 shares of the company’s stock, valued at approximately $43,213,380. This trade represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,254 shares of company stock worth $5,933,134 in the last quarter. Company insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of NYSE:CCK opened at $102.77 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. The firm has a 50-day simple moving average of $100.47 and a 200 day simple moving average of $99.25. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a market cap of $11.85 billion, a PE ratio of 12.72, a P/E/G ratio of 1.17 and a beta of 0.75.

Crown (NYSE:CCK) last released its quarterly earnings results 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 for 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 business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 earnings per share. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on CCK. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Mizuho lifted their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Citigroup decreased their price objective on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Raymond James Financial restated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Truist Financial increased their price target on Crown from $126.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.62.

Crown 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.