Crown (NYSE:CCK) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Crown (NYSE:CCK) from a neutral rating to an overweight rating in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $121.00 price target on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the company. Weiss Ratings upgraded Crown from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Truist Financial reissued a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Crown in a report on Wednesday, July 22nd. Royal Bank Of Canada raised their price objective on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Price Performance

Shares of NYSE CCK opened at $109.19 on Friday. Crown has a twelve month low of $89.21 and a twelve month high of $122.91. The firm has a fifty day simple moving average of $116.62 and a 200 day simple moving average of $107.56. The company has a market capitalization of $11.88 billion, a PE ratio of 15.71, a P/E/G ratio of 1.53 and a beta of 0.58. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, sell-side analysts forecast that Crown will post 8.39 EPS for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.3%. Crown’s dividend payout ratio is presently 20.14%.

Insider Activity

In other news, CEO Timothy Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crown

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Crown during the fourth quarter valued at approximately $158,288,000. Bank of New York Mellon Corp bought a new position in Crown in the 2nd quarter valued at $112,578,000. Nykredit A S bought a new position in Crown in the 2nd quarter valued at $99,537,000. LSV Asset Management increased its position in shares of Crown by 542.2% during the 4th quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock valued at $88,377,000 after purchasing an additional 724,620 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Crown during the 4th quarter valued at $59,718,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.