Crown (NYSE:CCK) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Crown (NYSE:CCK) from a buy rating to a hold rating in a report released on Saturday.

A number of other equities analysts also recently weighed in on CCK. Mizuho increased their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Wells Fargo & Company upped their price objective on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. UBS Group reiterated a “buy” rating and issued a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Finally, Citigroup cut their price objective on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.92.

Crown Stock Performance

NYSE:CCK opened at $104.47 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $12.05 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. The firm has a 50-day moving average price of $99.55 and a two-hundred day moving average price of $99.34. Crown has a twelve month low of $75.98 and a twelve month high of $109.48.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.Crown’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. As a group, research analysts expect that Crown will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 8,476 shares of Crown stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $105.01, for a total value of $890,064.76. Following the completion of the transaction, the chief executive officer directly owned 440,580 shares of the company’s stock, valued at approximately $46,265,305.80. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer directly owned 96,841 shares of the company’s stock, valued at $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crown

A number of hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its position in shares of Crown by 103.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Crown by 105.0% during the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Crown in the third quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its position in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the period. Finally, Quent Capital LLC acquired a new position in shares of Crown during the 3rd quarter valued at $34,000. Institutional investors own 90.93% of the company’s stock.

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.