Louisiana State Employees Retirement System Invests $3.26 Million in Crown Holdings, Inc. $CCK

Louisiana State Employees Retirement System bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,500 shares of the industrial products company’s stock, valued at approximately $3,258,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Crown by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crown in the first quarter worth about $111,000. NewEdge Advisors LLC boosted its stake in Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $528,000 after buying an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after buying an additional 127,737 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 ninety days. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CCK has been the subject of a number of recent research reports. UBS Group cut their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Truist Financial decreased their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Wells Fargo & Company dropped their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Finally, Bank of America reduced their target price on shares of Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and an average target price of $120.14.

Crown Stock Up 0.7%

Shares of CCK opened at $110.81 on Friday. 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 business has a fifty day moving average of $99.79 and a 200 day moving average of $103.48. The company has a market cap of $12.38 billion, a PE ratio of 17.64, a P/E/G ratio of 1.82 and a beta of 0.63. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating 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 net margin of 5.65% and a return on equity of 26.62%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. On average, sell-side analysts expect that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. 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.