Crown Holdings, Inc. $CCK Position Reduced by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 25.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 166,000 shares of the industrial products company’s stock after selling 55,600 shares during the quarter. Crown makes up about 2.1% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 22nd largest position. Nan Fung Trinity HK Ltd.’s holdings in Crown were worth $17,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC grew its position in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 245 shares in the last quarter. National Pension Service increased its holdings in shares of Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 189 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Crown during the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Royal Bank Of Canada lifted their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Mizuho upped their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Citigroup cut their price target on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and an average target price of $118.08.

Crown Stock Performance

CCK opened at $100.14 on Wednesday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The stock has a market cap of $11.55 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. The business’s 50 day moving average is $95.46 and its 200-day moving average is $99.05. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown’s payout ratio is presently 12.87%.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Crown Company Profile

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.