Horizon Investments LLC Cuts Stake in Crown Holdings, Inc. $CCK

Horizon Investments LLC trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 17.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,672 shares of the industrial products company’s stock after selling 7,333 shares during the quarter. Horizon Investments LLC’s holdings in Crown were worth $3,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Crown by 2.1% during the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after acquiring an additional 93,045 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after acquiring an additional 933,938 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Crown by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after acquiring an additional 149,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Crown by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,729,113 shares of the industrial products company’s stock valued at $167,013,000 after acquiring an additional 93,668 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Crown by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock valued at $171,668,000 after acquiring an additional 36,540 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Crown from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Truist Financial dropped their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Mizuho raised their price target on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company dropped their price target on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.93.

Crown Price Performance

NYSE CCK opened at $99.16 on Tuesday. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $116.62. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.65 and a beta of 0.65. The company’s 50 day moving average is $105.34 and its two-hundred day moving average is $102.96. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the business earned $1.67 EPS. The firm’s revenue 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. As a group, research analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

Insider Buying and Selling

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares in the company, valued at approximately $10,108,369.60. This trade represents a 25.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares in the company, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,234 shares of company stock worth $5,832,363. 0.90% of the stock is owned by company insiders.

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.