807,010 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, HoldingsChannel reports. The firm purchased 807,010 shares of the industrial products company’s stock, valued at approximately $66,732,000.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 256 shares during the last quarter. Covestor Ltd increased its position in Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares during the period. Brooklyn Investment Group acquired a new stake in Crown in the 3rd quarter valued at approximately $44,000. GAMMA Investing LLC increased its position in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 261 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 117 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE:CCK opened at $88.78 on Thursday. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The business has a 50-day moving average of $86.50 and a two-hundred day moving average of $89.56. The stock has a market capitalization of $10.44 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. Crown’s payout ratio is presently 29.21%.

Analysts Set New Price Targets

CCK has been the topic of several analyst reports. Mizuho lowered their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Finally, Truist Financial raised their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

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.