VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.65 Million Position in Crown Holdings, Inc. $CCK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,700 shares of the industrial products company’s stock, valued at approximately $2,647,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after buying an additional 107 shares during the period. Geneos Wealth Management Inc. increased its holdings in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the period. Signaturefd LLC increased its holdings in Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after buying an additional 245 shares during the period. National Pension Service increased its holdings in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after buying an additional 189 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Crown in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $99.51 on Wednesday. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.35 and a beta of 0.73. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The firm’s 50 day simple moving average is $96.19 and its 200-day simple moving average is $97.43. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown’s dividend payout ratio (DPR) is 21.85%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CCK shares. Morgan Stanley increased their price target on shares of Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Baird R W downgraded shares of Crown from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. Mizuho raised their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America raised their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on shares of Crown from $113.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.92.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the transaction, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock worth $5,873,770 in the last quarter. Insiders own 0.90% of the company’s stock.

Crown Company 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.