DNB Asset Management AS Lowers Stock Position in Crown Holdings, Inc. $CCK

DNB Asset Management AS lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 519,059 shares of the industrial products company’s stock after selling 24,608 shares during the period. DNB Asset Management AS’s holdings in Crown were worth $53,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Crown by 2,404.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,290 shares of the industrial products company’s stock valued at $24,125,000 after purchasing an additional 224,936 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Crown by 17.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 980,572 shares of the industrial products company’s stock valued at $100,978,000 after purchasing an additional 145,198 shares during the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Crown in the fourth quarter valued at about $25,424,000. Allworth Financial LP raised its holdings in shares of Crown by 68.7% in the fourth quarter. Allworth Financial LP now owns 2,524 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 1,028 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in shares of Crown in the fourth quarter valued at about $1,188,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CCK shares. Mizuho increased their target price on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Truist Financial lowered their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Royal Bank Of Canada lowered their target price on shares of Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a report on Friday, April 17th. UBS Group decreased their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Crown Stock Performance

NYSE CCK opened at $96.16 on Friday. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The company has a 50-day simple moving average of $102.69 and a 200 day simple moving average of $103.16. 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 company has a market capitalization of $10.75 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Crown’s dividend payout ratio (DPR) is currently 22.29%.

Insider Activity

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the transaction, the chief executive officer owned 451,070 shares of the company’s stock, valued at $48,196,829.50. The trade was a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,234 shares of company stock valued at $5,832,363 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

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.