Ritholtz Wealth Management Has $3.35 Million Holdings in Crown Holdings, Inc. $CCK

Ritholtz Wealth Management grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 25.6% in the 1st quarter, HoldingsChannel reports. The fund owned 33,438 shares of the industrial products company’s stock after buying an additional 6,814 shares during the period. Ritholtz Wealth Management’s holdings in Crown were worth $3,352,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Crown by 35.1% during the 1st quarter. Blue Trust Inc. now owns 2,462 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 639 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Crown by 7.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,337 shares of the industrial products company’s stock valued at $535,000 after buying an additional 356 shares in the last quarter. Hixon Zuercher LLC grew its holdings in shares of Crown by 6.6% during the first quarter. Hixon Zuercher LLC now owns 25,026 shares of the industrial products company’s stock valued at $2,509,000 after buying an additional 1,548 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Crown by 175.2% during the first quarter. SG Americas Securities LLC now owns 154,866 shares of the industrial products company’s stock valued at $15,525,000 after buying an additional 98,582 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Crown by 7.7% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 351,907 shares of the industrial products company’s stock worth $35,272,000 after acquiring an additional 25,097 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a report on Wednesday, April 1st. They set a “buy” rating and a $124.00 price objective for the company. Bank of America lowered their price objective on Crown from $131.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $120.14.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction 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 sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,000 shares of company stock worth $3,163,875 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Crown Stock Up 0.7%

Crown stock opened at $110.81 on Friday. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $116.62. The stock has a market cap of $12.38 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.63. The firm’s 50-day simple moving average is $99.79 and its 200 day simple moving average is $103.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12.

Crown (NYSE:CCK) last issued its quarterly earnings data 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 net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm posted $1.67 EPS. The firm’s quarterly 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. Research analysts predict that Crown Holdings, Inc. will post 8.05 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s dividend payout ratio (DPR) is presently 22.29%.

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.