Rep. Thomas H. Kean, Jr. Purchases Shares of Crown Holdings, Inc. (NYSE:CCK)

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Crown Holdings, Inc. (NYSE:CCK). In a filing disclosed on February 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Crown stock on January 7th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 12/27/2024.
• Purchased $1,001 – $15,000 in shares of Pernod Ricard (OTC:PRNDY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 12/19/2024.
• Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 12/16/2024.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 12/16/2024.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/16/2024.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 12/13/2024.

Crown Stock Down 1.5 %

Shares of NYSE:CCK opened at $87.33 on Friday. The company has a market capitalization of $10.45 billion, a PE ratio of 24.53, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The firm has a 50 day simple moving average of $85.25 and a 200-day simple moving average of $89.42.

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

Wall Street Analysts Forecast Growth

CCK has been the subject of several research reports. Citigroup upped their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. UBS Group reduced their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Truist Financial upped their price target on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Hedge Funds Weigh In On Crown

A number of institutional investors and hedge funds have recently made changes to their positions in CCK. Creative Planning grew its stake in shares of Crown by 3.6% during the 3rd quarter. Creative Planning now owns 45,835 shares of the industrial products company’s stock worth $4,395,000 after purchasing an additional 1,586 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Crown by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,444 shares of the industrial products company’s stock valued at $2,056,000 after acquiring an additional 347 shares during the last quarter. Blue Trust Inc. lifted its holdings in Crown by 158.9% in the 3rd quarter. Blue Trust Inc. now owns 1,574 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 966 shares in the last quarter. Raymond James & Associates lifted its holdings in Crown by 16.2% in the 3rd quarter. Raymond James & Associates now owns 115,158 shares of the industrial products company’s stock valued at $11,041,000 after purchasing an additional 16,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Crown by 27.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 222,522 shares of the industrial products company’s stock valued at $21,335,000 after purchasing an additional 47,484 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.