Mutual of America Capital Management LLC Boosts Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Mutual of America Capital Management LLC lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 161,520 shares of the industrial products company’s stock after purchasing an additional 2,225 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Crown were worth $15,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCK. Nisa Investment Advisors LLC raised its holdings in shares of Crown by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC grew its position in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the period. Fifth Third Bancorp raised its stake in shares of Crown by 36.1% during the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after buying an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after buying an additional 183 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock worth $303,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

NYSE CCK opened at $89.86 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a market cap of $10.75 billion, a PE ratio of 110.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. The stock’s 50 day simple moving average is $93.58 and its 200-day simple moving average is $86.55.

Crown (NYSE:CCK) last announced its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. Crown’s payout ratio is 123.46%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Barclays boosted their target price on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America lifted their price objective on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Saturday, October 26th. Finally, Citigroup upped their price target on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.62.

Insiders Place Their Bets

In other news, Director James H. Miller sold 1,006 shares of Crown stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock valued at $3,157,399 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Crown Company Profile

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.