Crown’s (CCK) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Crown (NYSE:CCK) in a research note published on Wednesday,Benzinga reports. They currently have a $141.00 price target on the industrial products company’s stock, up from their prior price target of $129.00.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets increased their target price on shares of Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho raised their price target on shares of Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup boosted their price target on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. cut shares of Crown from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $107.00 to $121.00 in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Stock Up 3.0%

Shares of NYSE CCK opened at $117.88 on Wednesday. Crown has a 52 week low of $89.21 and a 52 week high of $121.76. The business has a 50-day simple moving average of $104.60 and a two-hundred day simple moving average of $105.16. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The company has a market cap of $13.17 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.69 and a beta of 0.60.

Crown (NYSE:CCK) last posted its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the firm earned $2.15 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Research analysts anticipate that Crown will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s dividend payout ratio is presently 20.14%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northside Capital Management LLC lifted its holdings in shares of Crown by 1.7% in the 2nd quarter. Northside Capital Management LLC now owns 102,521 shares of the industrial products company’s stock worth $11,464,000 after acquiring an additional 1,674 shares during the last quarter. Handelsbanken Fonder AB raised its position in Crown by 7.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 281,253 shares of the industrial products company’s stock worth $31,450,000 after purchasing an additional 18,280 shares during the period. Elevation Wealth Partners LLC lifted its stake in Crown by 628.8% in the second quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 415 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Crown during the second quarter valued at about $60,275,000. Finally, 55 North Private Wealth LLC bought a new position in shares of Crown during the second quarter valued at about $293,000. 90.93% of the stock is currently owned by institutional investors.

Crown News Summary

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Crown Holdings to $135 from $131 and reiterated an outperform rating, suggesting meaningful upside from current levels. Benzinga report
• Positive Sentiment: Crown Holdings declared a quarterly dividend of $0.35 per share, which can appeal to income-focused investors and signals continued shareholder returns. Press release
• Positive Sentiment: Several analysts remained constructive after the earnings beat, including Truist reaffirming Buy and Wells Fargo lifting its price target to $127, which adds to the bullish tone around the stock. Article
• Neutral Sentiment: UBS reportedly kept a Hold rating, indicating some analysts see the shares as fairly valued after the recent rally. UBS Hold report
• Negative Sentiment: J.P. Morgan reportedly downgraded Crown to Neutral after the strong run-up, which may reflect concerns that much of the good news is already priced in. Seeking Alpha report

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.