Crown Holdings, Inc. (NYSE:CCK) Director Sells $96,173.60 in Stock

Crown Holdings, Inc. (NYSE:CCK) Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the transaction, the director now directly owns 12,424 shares in the company, valued at $1,187,734.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

Crown Stock Up 0.2 %

CCK stock opened at $95.00 on Friday. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $96.74. The firm has a market cap of $11.47 billion, a PE ratio of 27.38, a PEG ratio of 2.26 and a beta of 0.85. The firm’s 50 day moving average price is $88.86 and its 200-day moving average price is $82.60. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05.

Crown (NYSE:CCK) last posted its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio (DPR) is presently 28.82%.

Institutional Investors Weigh In On Crown

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in Crown in the 1st quarter valued at approximately $27,000. Mather Group LLC. purchased a new position in shares of Crown during the first quarter worth $32,000. Quest Partners LLC acquired a new stake in shares of Crown in the fourth quarter valued at $34,000. Quarry LP raised its holdings in shares of Crown by 190.3% in the 4th quarter. Quarry LP now owns 421 shares of the industrial products company’s stock valued at $39,000 after buying an additional 276 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Crown during the 1st quarter worth about $41,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCK has been the topic of a number of research analyst reports. Loop Capital lifted their price target on Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Bank of America lifted their target price on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Truist Financial upped their target price on shares of Crown from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. UBS Group decreased their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup upped their price objective on shares of Crown from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.14.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.