Redwood Investment Management LLC Invests $1.05 Million in Crown Holdings, Inc. $CCK

Redwood Investment Management LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,474 shares of the industrial products company’s stock, valued at approximately $1,050,000.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Crown in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% during the first 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 in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Crown in the fourth quarter valued at about $42,000. Smartleaf Asset Management LLC raised its stake in Crown by 52.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 151 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 91 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CCK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, July 8th. UBS Group lifted their price objective on Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. DA Davidson cut their target price on Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Raymond James Financial increased their target price on Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Truist Financial restated a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Crown Stock Performance

Crown stock opened at $119.81 on Tuesday. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $121.90. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $107.32 and its two-hundred day moving average price is $105.81. The stock has a market cap of $13.39 billion, a PE ratio of 17.24, a P/E/G ratio of 1.65 and a beta of 0.60.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.16 by $0.33. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, analysts expect that Crown Holdings, Inc. will post 8.39 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, August 20th. Investors of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is presently 20.14%.

About Crown

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.