Norges Bank Purchases Shares of 1,537,224 Crown Holdings, Inc. $CCK

Norges Bank purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,537,224 shares of the industrial products company’s stock, valued at approximately $158,288,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCK. JPMorgan Chase & Co. increased its holdings in Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after acquiring an additional 1,022,789 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of 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 worth $333,197,000 after buying an additional 933,938 shares during the last quarter. LSV Asset Management increased its holdings in shares of Crown by 542.2% in the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after buying an additional 724,620 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in shares of Crown in the 2nd quarter worth about $47,214,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Crown by 242.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 543,900 shares of the industrial products company’s stock worth $52,535,000 after buying an additional 384,900 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, April 15th. The shares were 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 directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Crown Price Performance

CCK stock opened at $94.46 on Thursday. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $116.62. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average price of $100.73 and a 200 day moving average price of $103.06. The stock has a market cap of $10.56 billion, a PE ratio of 15.04, a P/E/G ratio of 1.58 and a beta of 0.63.

Crown (NYSE:CCK) last released its quarterly 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. Crown had a net margin of 5.65% and a return on equity of 26.62%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the company earned $1.67 EPS. The firm’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. Equities research analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Crown’s payout ratio is currently 22.29%.

Analyst Ratings Changes

CCK has been the topic of a number of research reports. Mizuho boosted their target price on shares of Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crown in a report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price on the stock. DA Davidson reduced their target price on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating on shares of Crown in a report on Friday, February 6th. Finally, Bank of America reduced their target price on shares of Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.00.

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.