Crown Holdings, Inc. (NYSE:CCK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crown Holdings, Inc. (NYSE:CCK) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $103.07.

Several research firms have weighed in on CCK. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial upped their price objective on shares of Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday. Loop Capital upped their price target on shares of Crown from $106.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Crown in a report on Tuesday, September 24th. Finally, Barclays boosted their price objective on Crown from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the transaction, the chief executive officer now directly owns 593,678 shares in the company, valued at approximately $50,480,440.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,506 shares of company stock valued at $3,392,349. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC raised its holdings in shares of Crown by 10.3% in the first quarter. Mutual of America Capital Management LLC now owns 153,739 shares of the industrial products company’s stock valued at $12,185,000 after buying an additional 14,362 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Crown by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company’s stock worth $1,089,029,000 after purchasing an additional 173,460 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Crown during the 1st quarter worth approximately $6,854,000. Russell Investments Group Ltd. raised its stake in shares of Crown by 21.0% during the 1st quarter. Russell Investments Group Ltd. now owns 341,216 shares of the industrial products company’s stock worth $27,045,000 after purchasing an additional 59,267 shares in the last quarter. Finally, Entropy Technologies LP raised its stake in Crown by 1,127.4% in the 1st quarter. Entropy Technologies LP now owns 27,456 shares of the industrial products company’s stock valued at $2,176,000 after acquiring an additional 25,219 shares during the period. 90.93% of the stock is owned by institutional investors.

Crown Stock Down 0.1 %

Shares of NYSE:CCK opened at $94.03 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. The company has a fifty day simple moving average of $91.10 and a 200 day simple moving average of $84.10. The firm has a market cap of $11.35 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. Crown has a 12-month low of $69.61 and a 12-month high of $96.74.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Crown will post 6.15 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. Crown’s dividend payout ratio is 28.82%.

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.