QRG Capital Management Inc. Grows Holdings in Crown Holdings, Inc. $CCK

QRG Capital Management Inc. lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 401.8% in the first quarter, Holdings Channel reports. The institutional investor owned 12,862 shares of the industrial products company’s stock after buying an additional 10,299 shares during the quarter. QRG Capital Management Inc.’s holdings in Crown were worth $1,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCK. Caitong International Asset Management Co. Ltd bought a new position in Crown during the 3rd quarter valued at $29,000. ORG Partners LLC raised its stake in shares of Crown by 52.5% in the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Crown during the fourth quarter worth about $42,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

CCK stock opened at $112.46 on Wednesday. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $116.62. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.87 and a beta of 0.60. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The stock’s fifty day moving average is $101.00 and its two-hundred day moving average is $104.21.

Crown (NYSE:CCK) last released its quarterly earnings results 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. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. 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, research analysts predict that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCK. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. UBS Group decreased their target price on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their price target on Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. DA Davidson reduced their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Citigroup boosted their target price on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Company Profile

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.