Crown (NYSE:CCK) CEO Timothy Donahue Sells 29,024 Shares of Stock

Crown Holdings, Inc. (NYSE:CCK) CEO Timothy Donahue sold 29,024 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 411,556 shares of the company’s stock, valued at $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Crown Trading Down 2.0%

Shares of CCK opened at $103.78 on Wednesday. The stock has a market capitalization of $11.97 billion, a PE ratio of 12.84, a P/E/G ratio of 1.22 and a beta of 0.75. The company’s fifty day moving average is $99.85 and its 200 day moving average is $99.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown’s payout ratio is 12.87%.

Institutional Trading of Crown

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its stake in 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 in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after buying an additional 148 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Crown during the third quarter valued at $29,000. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 111 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Crown in the third quarter valued at about $34,000. Institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price objective (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Wells Fargo & Company upped their price target on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Truist Financial raised their price objective on shares of Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Finally, UBS Group increased their price target on Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $119.62.

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.