Westwood Holdings Group Inc. Has $17.51 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Westwood Holdings Group Inc. grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 235,370 shares of the industrial products company’s stock after acquiring an additional 5,142 shares during the period. Westwood Holdings Group Inc. owned about 0.19% of Crown worth $17,509,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in Crown by 6.1% during the 2nd 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. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Crown by 6.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp boosted its holdings in Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 176 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Crown by 3.7% during the 1st quarter. Verdence Capital Advisors LLC now owns 5,348 shares of the industrial products company’s stock valued at $424,000 after purchasing an additional 193 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Crown by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the sale, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares of the company’s stock, valued at $50,480,440.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the transaction, the chief executive officer now owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $2,598,675. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCK. Wells Fargo & Company increased their price objective on shares of Crown from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price target on Crown from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Loop Capital boosted their price objective on Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup lifted their target price on Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Barclays increased their price target on Crown from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Four 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, the company has an average rating of “Moderate Buy” and a consensus price target of $101.14.

Crown Stock Performance

NYSE CCK opened at $93.70 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The company has a fifty day moving average price of $87.43 and a 200-day moving average price of $82.13. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $94.46. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.13 and a beta of 0.85.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. The firm 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 was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. As a group, equities research analysts predict that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s payout ratio is 28.82%.

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.