Bayforest Capital Ltd Acquires 2,569 Shares of Crown Holdings, Inc. $CCK

Bayforest Capital Ltd grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 58.1% in the second quarter, Holdings Channel reports. The fund owned 6,992 shares of the industrial products company’s stock after buying an additional 2,569 shares during the quarter. Bayforest Capital Ltd’s holdings in Crown were worth $720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 valued at $32,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC boosted its position in shares of Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service raised its holdings in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after buying an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Crown during the 2nd quarter valued at $46,000. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of Crown stock opened at $90.20 on Tuesday. The firm has a market cap of $10.50 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.29 and a beta of 0.73. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The stock’s fifty day moving average price is $97.00 and its 200-day moving average price is $97.27.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Crown’s payout ratio is 21.85%.

Analyst Ratings Changes

Several research firms recently weighed in on CCK. Wells Fargo & Company increased their price target on Crown from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. UBS Group decreased their price target on Crown from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Wall Street Zen lowered Crown from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Baird R W lowered Crown from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. Finally, Morgan Stanley increased their target price on Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Eleven research analysts have rated the stock with a Buy rating and three have assigned 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 $118.25.

Insider Activity

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock worth $5,873,770 in the last quarter. 0.90% of the stock is owned by insiders.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.