Thrivent Financial for Lutherans Purchases 145,198 Shares of Crown Holdings, Inc. $CCK

Thrivent Financial for Lutherans raised its position in Crown Holdings, Inc. (NYSE:CCK) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 980,572 shares of the industrial products company’s stock after buying an additional 145,198 shares during the period. Thrivent Financial for Lutherans’ holdings in Crown were worth $100,978,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new position in Crown in the 4th quarter valued at $25,424,000. Allworth Financial LP boosted its position in Crown by 68.7% in the 4th quarter. Allworth Financial LP now owns 2,524 shares of the industrial products company’s stock valued at $260,000 after buying an additional 1,028 shares during the last quarter. World Investment Advisors bought a new position in Crown in the 4th quarter valued at $1,188,000. Oxbow Advisors LLC boosted its position in Crown by 2.0% in the 4th quarter. Oxbow Advisors LLC now owns 30,120 shares of the industrial products company’s stock valued at $3,101,000 after buying an additional 602 shares during the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in Crown in the 4th quarter valued at $328,000. 90.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group decreased their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Wells Fargo & Company reduced their price target on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen lowered Crown from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Mizuho raised their price target on Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Buying and Selling at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was 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 of the company’s stock, valued at approximately $10,108,369.60. This trade represents a 25.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer directly owned 451,070 shares in the company, valued at $48,196,829.50. The trade was a 1.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,234 shares of company stock worth $5,832,363 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

Crown Stock Down 1.2%

NYSE:CCK opened at $99.02 on Friday. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $11.07 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.65 and a beta of 0.65. The stock’s fifty day simple moving average is $102.99 and its 200-day simple moving average is $103.21.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities research analysts expect that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

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

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.