Foster & Motley Inc. Buys Shares of 20,867 Crown Holdings, Inc. $CCK

Foster & Motley Inc. purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,867 shares of the industrial products company’s stock, valued at approximately $2,333,000.

A number of other hedge funds also recently made changes to their positions in CCK. Trust Co. of Vermont bought a new position in shares of Crown in the second quarter worth $2,435,000. Bank of New York Mellon Corp bought a new stake in shares of Crown during the second quarter valued at about $112,578,000. Northside Capital Management LLC lifted its holdings in Crown by 1.7% in the second quarter. Northside Capital Management LLC now owns 102,521 shares of the industrial products company’s stock worth $11,464,000 after purchasing an additional 1,674 shares during the period. Handelsbanken Fonder AB grew 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 valued at $31,450,000 after buying an additional 18,280 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Crown by 628.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company’s stock valued at $54,000 after buying an additional 415 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value 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 represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.

Crown Trading Up 0.6%

NYSE:CCK opened at $116.91 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $122.91. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. The stock has a fifty day simple moving average of $112.70 and a 200 day simple moving average of $107.05.

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

Crown Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCK. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Citigroup restated a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. Raymond James Financial raised their target price on Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group set a $121.00 price target on shares of Crown in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Crown 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.