Redwood Investment Management LLC Takes $1.17 Million Position in Crown Holdings, Inc. $CCK

Redwood Investment Management LLC bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, HoldingsChannel reports. The firm bought 10,486 shares of the industrial products company’s stock, valued at approximately $1,173,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new position in Crown during the 1st quarter valued at $3,258,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Crown during the 4th quarter worth $3,855,000. World Investment Advisors bought a new stake in shares of Crown in the 4th quarter worth about $1,188,000. UBS Group AG raised its stake in shares of Crown by 27.1% in the 4th quarter. UBS Group AG now owns 1,394,356 shares of the industrial products company’s stock valued at $143,577,000 after purchasing an additional 297,208 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in shares of Crown by 38.5% in the 4th quarter. Seizert Capital Partners LLC now owns 425,306 shares of the industrial products company’s stock valued at $43,794,000 after purchasing an additional 118,304 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Down 1.2%

NYSE:CCK opened at $118.99 on Thursday. The firm has a market capitalization of $12.94 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The stock has a 50 day moving average of $115.03 and a 200-day moving average of $107.44. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $122.91. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Analysts predict that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s payout ratio is 20.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded Crown from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $107.00 to $121.00 in a research note on Wednesday, July 22nd. Robert W. Baird upped their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Bank of America increased their target price on Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Raymond James Financial lifted their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Truist Financial reiterated a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were 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 owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

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.