Crown (NYSE:CCK) Hits New 1-Year High – Time to Buy?

Crown Holdings, Inc. (NYSE:CCK) shares hit a new 52-week high on Wednesday . The stock traded as high as $122.00 and last traded at $121.5140, with a volume of 105 shares. The stock had previously closed at $121.66.

Wall Street Analyst Weigh In

CCK has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. DA Davidson cut their price objective on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Truist Financial reiterated a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Royal Bank Of Canada lifted their target price on Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Robert W. Baird upped their price target on Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Stock Down 1.1%

The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market cap of $13.08 billion, a PE ratio of 17.31, a P/E/G ratio of 1.68 and a beta of 0.59. The business’s 50 day moving average is $107.79 and its 200-day moving average is $105.93.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, analysts predict that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 20.14%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown 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 completion of the sale, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crown

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Crown by 24.1% in the first 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 raised its holdings in Crown by 39.4% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crown during the 1st quarter worth approximately $111,000. NewEdge Advisors LLC boosted its holdings in shares of Crown by 6.3% in the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Crown by 23.7% in 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. Institutional investors and hedge funds own 90.93% 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.