Christy L. Kalaus Sells 2,130 Shares of Crown Holdings, Inc. (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK) VP Christy L. Kalaus sold 2,130 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now directly owns 4,500 shares of the company’s stock, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Crown Stock Performance

CCK stock traded down $0.44 during trading hours on Monday, hitting $99.01. 273,107 shares of the stock were exchanged, compared to its average volume of 1,360,232. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $11.52 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a 50-day simple moving average of $89.75 and a two-hundred day simple moving average of $88.43. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $100.17.

Crown (NYSE:CCK) last posted its earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. Crown had a net margin of 3.59% and a return on equity of 25.12%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, May 15th. Crown’s dividend payout ratio (DPR) is presently 22.37%.

Wall Street Analyst Weigh In

CCK has been the topic of several research reports. UBS Group upped their price target on Crown from $109.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Barclays lifted their target price on Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Truist Financial cut their price objective on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on shares of Crown from $89.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada upped their price target on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in shares of Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares during the period. Signaturefd LLC raised its stake in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service lifted 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, Mirae Asset Global Investments Co. Ltd. raised its holdings in Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 90.93% 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.