Weiss Asset Management LP Cuts Holdings in Crown Holdings, Inc. $CCK

Weiss Asset Management LP trimmed its position in Crown Holdings, Inc. (NYSE:CCK) by 88.0% during the 1st quarter, HoldingsChannel reports. The firm owned 12,572 shares of the industrial products company’s stock after selling 92,495 shares during the quarter. Weiss Asset Management LP’s holdings in Crown were worth $1,260,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. OLD National Bancorp IN increased its position in Crown by 507.7% in the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock worth $9,221,000 after purchasing an additional 74,814 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Crown during the first quarter valued at $3,258,000. Compagnie Lombard Odier SCmA grew its stake in shares of Crown by 79.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock worth $1,305,000 after buying an additional 5,600 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Crown in the 4th quarter worth $3,855,000. Finally, World Investment Advisors bought a new stake in shares of Crown in the 4th quarter worth about $1,188,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 owned 436,070 shares in the company, valued at $45,787,350. The trade was 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Crown Trading Up 0.5%

Shares of CCK opened at $118.43 on Tuesday. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $121.76. The company has a market cap of $13.23 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.65 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The company’s fifty day simple moving average is $105.03 and its 200-day simple moving average is $105.26.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping 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 firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the company earned $2.15 EPS. The firm’s revenue for the quarter 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. As a group, analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 20.14%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Crown from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup reiterated a “buy” rating on shares of Crown in a research report on Thursday. Jefferies Financial Group set a $121.00 price objective on Crown in a research report on Wednesday, July 22nd. BMO Capital Markets raised their price objective on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their target price on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Crown Profile

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.