DNB Asset Management AS Purchases 14,767 Shares of Crown Holdings, Inc. $CCK

DNB Asset Management AS grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546,728 shares of the industrial products company’s stock after purchasing an additional 14,767 shares during the quarter. DNB Asset Management AS owned approximately 0.47% of Crown worth $56,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Crown by 412.2% in the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after buying an additional 1,383,624 shares during the last quarter. Swedbank AB grew its holdings in Crown by 114.7% during the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after acquiring an additional 788,818 shares during the last quarter. Nuveen LLC acquired a new position in Crown in the 1st quarter valued at approximately $41,360,000. Seizert Capital Partners LLC acquired a new position in Crown in the 2nd quarter valued at approximately $31,513,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Crown by 4,180.3% during the second quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock valued at $31,688,000 after acquiring an additional 300,521 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

CCK stock opened at $95.99 on Friday. The firm has a market cap of $11.07 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock has a 50-day moving average price of $95.83 and a 200-day moving average price of $99.08. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, November 6th. Crown’s payout ratio is presently 12.87%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCK. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Mizuho lifted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Royal Bank Of Canada upped their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Truist Financial restated a “buy” rating and set a $126.00 price objective (up from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Finally, Citigroup cut their price objective on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $118.08.

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.