Crown (NYSE:CCK) COO Sells 29,734 Shares

Crown Holdings, Inc. (NYSE:CCK) COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Crown Stock Performance

Shares of CCK stock opened at $115.63 on Tuesday. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $115.85. The stock has a market cap of $13.34 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a fifty day moving average price of $106.31 and a two-hundred day moving average price of $100.19. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66.

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

Analyst Upgrades and Downgrades

CCK has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on shares of Crown from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Wall Street Zen cut shares of Crown from a “buy” rating to a “hold” rating in a report on Monday. UBS Group set a $126.00 price objective on Crown and gave the company a “neutral” rating in a research note on Monday, February 9th. Wolfe Research set a $115.00 target price on Crown in a research report on Friday, February 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.86.

Institutional Investors Weigh In On Crown

Hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in shares of Crown in the third quarter worth $43,417,000. CWM LLC lifted its position in Crown by 73.3% during the third quarter. CWM LLC now owns 72,075 shares of the industrial products company’s stock valued at $6,962,000 after purchasing an additional 30,488 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Crown in the third quarter worth about $15,472,000. Vinva Investment Management Ltd boosted its stake in shares of Crown by 152.9% during the 2nd quarter. Vinva Investment Management Ltd now owns 194,348 shares of the industrial products company’s stock worth $20,393,000 after acquiring an additional 117,494 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new position in Crown during the second quarter valued at $589,000. 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.