Crown (NYSE:CCK) Sets New 1-Year High – Here’s Why

Crown Holdings, Inc. (NYSE:CCK) reached a new 52-week high on Tuesday . The company traded as high as $121.90 and last traded at $120.23, with a volume of 116758 shares changing hands. The stock had previously closed at $118.45.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCK shares. BMO Capital Markets boosted their price target on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a report on Wednesday, July 8th. 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 report on Wednesday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $141.00 price target (up from $129.00) on shares of Crown in a research report on Wednesday, July 22nd. Finally, Bank of America increased their price objective on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Crown Stock Performance

The business has a fifty day simple moving average of $105.03 and a two-hundred day simple moving average of $105.26. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market cap of $13.51 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.16 by $0.33. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. Crown’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 year.

Crown Dividend Announcement

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

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s 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 sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Crown

Several hedge funds have recently bought and sold shares of the company. Northside Capital Management LLC lifted its position in shares of Crown by 1.7% during the 2nd quarter. Northside Capital Management LLC now owns 102,521 shares of the industrial products company’s stock worth $11,464,000 after purchasing an additional 1,674 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Crown by 7.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 281,253 shares of the industrial products company’s stock valued at $31,450,000 after buying an additional 18,280 shares during the period. Elevation Wealth Partners LLC raised its position in Crown by 628.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company’s stock worth $54,000 after buying an additional 415 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Crown in the second quarter valued at about $60,275,000. Finally, 55 North Private Wealth LLC acquired a new position in shares of Crown during the second quarter worth about $293,000. Institutional investors and hedge funds 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.