Crown (NYSE:CCK) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Crown (NYSE:CCK) from a hold rating to a buy rating in a research note released on Sunday.

A number of other analysts also recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $135.00 price objective (up from $130.00) on shares of Crown in a report on Friday, February 6th. Mizuho increased their target price on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Royal Bank Of Canada raised their price target on shares of Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Crown in a report on Friday, February 6th. Finally, Wells Fargo & Company dropped their price objective on Crown from $120.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.13.

Crown Stock Up 0.1%

Shares of NYSE:CCK opened at $102.84 on Friday. The company has a market capitalization of $11.54 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66. The business has a fifty day moving average price of $107.64 and a two-hundred day moving average price of $101.71. Crown has a 1 year low of $75.98 and a 1 year high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.05. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $2.99 billion. Crown had a return on equity of 26.68% and a net margin of 5.97%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Analysts forecast that Crown will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, March 17th. Crown’s payout ratio is currently 21.98%.

Insider Transactions at Crown

In related news, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $110.67, for a total transaction of $830,025.00. Following the completion of the transaction, the chief executive officer directly owned 474,736 shares of the company’s stock, valued at approximately $52,539,033.12. This trade represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,734 shares of company stock valued at $5,030,988 in the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Crown in the fourth quarter worth $158,288,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Crown during the 4th quarter worth about $127,230,000. JPMorgan Chase & Co. lifted its holdings in Crown by 226.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after purchasing an additional 1,022,789 shares in the last quarter. Invesco Ltd. boosted its stake in Crown by 58.6% in the 2nd quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares during the period. Finally, Swedbank AB boosted its stake in Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after purchasing an additional 943,045 shares during the period. Hedge funds and other 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.