Jackson Creek Investment Advisors LLC Grows Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Jackson Creek Investment Advisors LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,165 shares of the industrial products company’s stock after buying an additional 441 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Crown were worth $510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 12,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Crown by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after acquiring an additional 10,295 shares during the last quarter. Jensen Investment Management Inc. increased its stake in shares of Crown by 7.8% during the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after acquiring an additional 7,280 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Crown by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after acquiring an additional 176,959 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Crown by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after acquiring an additional 412,973 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCK. Truist Financial upped their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Bank of America dropped their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Barclays dropped their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Citigroup increased their target price on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Crown Stock Performance

Crown stock opened at $91.77 on Friday. The stock has a market cap of $10.79 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock has a 50 day moving average of $86.18 and a 200-day moving average of $89.54. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.13%. Crown’s dividend payout ratio (DPR) is 29.21%.

Crown 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.