Hsbc Holdings PLC Purchases 24,929 Shares of Crown Holdings, Inc. $CCK

Hsbc Holdings PLC lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 17.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 166,485 shares of the industrial products company’s stock after acquiring an additional 24,929 shares during the period. Hsbc Holdings PLC’s holdings in Crown were worth $17,173,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CCK. Norges Bank acquired a new position in shares of Crown in the fourth quarter valued at about $158,288,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Crown in the 4th quarter worth about $127,230,000. AQR Capital Management LLC boosted its holdings in Crown by 36.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after purchasing an additional 933,938 shares during the period. Invesco Ltd. grew its position in shares of Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after purchasing an additional 886,471 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after purchasing an additional 724,620 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 stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Stock Performance

Crown stock opened at $112.46 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. The stock has a market cap of $12.57 billion, a PE ratio of 17.91, a P/E/G ratio of 1.87 and a beta of 0.60. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The business’s 50-day moving average price is $101.00 and its two-hundred day moving average price is $104.21.

Crown (NYSE:CCK) last posted its earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. As a group, analysts expect that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is currently 22.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crown in a research report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. Truist Financial reduced their price target on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Bank of America dropped their price objective on Crown from $131.00 to $126.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Wells Fargo & Company cut their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.14.

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.