Crown (NYSE:CCK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Crown Holdings, Inc. (NYSE:CCK) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $107.58 and traded as high as $107.84. Crown shares last traded at $106.3250, with a volume of 880,371 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCK shares. Weiss Ratings raised Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Truist Financial restated a “buy” rating and set a $141.00 target price (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Bank of America increased their price target on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Citigroup reaffirmed a “buy” rating on shares of Crown in a report on Thursday, July 23rd. Finally, Robert W. Baird raised their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Stock Up 0.6%

The company has a market cap of $11.54 billion, a PE ratio of 15.26, a P/E/G ratio of 1.49 and a beta of 0.58. The firm has a 50-day simple moving average of $115.56 and a two-hundred day simple moving average of $107.59. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Research analysts anticipate that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Hedge Funds Weigh In On Crown

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Crown in the 4th quarter valued at $158,288,000. Bank of New York Mellon Corp acquired a new stake in shares of Crown during the 2nd quarter worth $112,578,000. Nykredit A S purchased a new position in shares of Crown in the 2nd quarter worth $99,537,000. Panagora Asset Management Inc. acquired a new position in Crown in the fourth quarter valued at $59,718,000. Finally, SEB Asset Management AB purchased a new stake in Crown during the first quarter valued at about $54,291,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc (NYSE: CCK) is a global manufacturer of packaging products. The company primarily produces metal beverage cans and ends, food cans, aerosol cans, and metal closures used for beverages, food, household products, personal care items, and other consumer goods.

Crown also provides transit packaging solutions, including protective packaging systems and materials used to secure and transport industrial and consumer products. Its customers include beverage, food, household products, personal care, and industrial companies.

The company traces its history to 1892, when it was founded as Crown Cork & Seal Company following the development of the crown cork bottle closure.