KBC Group NV Purchases 4,926 Shares of Crown Holdings, Inc. $CCK

KBC Group NV grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 36.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,265 shares of the industrial products company’s stock after purchasing an additional 4,926 shares during the period. KBC Group NV’s holdings in Crown were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCK. Mitsubishi UFJ Trust & Banking Corp grew its position in Crown by 29.7% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 305,279 shares of the industrial products company’s stock worth $31,438,000 after buying an additional 69,834 shares in the last quarter. National Pension Service raised its holdings in shares of Crown by 340.2% in the 2nd quarter. National Pension Service now owns 1,950 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 1,507 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Crown during the 2nd quarter valued at about $228,000. Allworth Financial LP grew its holdings in shares of Crown by 420.9% during the second quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 484 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Crown by 2.3% in the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Crown stock opened at $96.99 on Monday. The firm has a fifty day simple moving average of $95.82 and a two-hundred day simple moving average of $99.15. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a market capitalization of $11.19 billion, a PE ratio of 12.00, a P/E/G ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Crown’s payout ratio is 12.87%.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares of the company’s stock, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Citigroup reduced their target price on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, September 29th. Mizuho raised their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown 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.