Victory Capital Management Inc. Has $391.58 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Victory Capital Management Inc. lowered its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,263,929 shares of the industrial products company's stock after selling 47,051 shares during the period. Victory Capital Management Inc. owned approximately 4.36% of Crown worth $391,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC lifted its position in shares of Crown by 10.3% in the first quarter. Mutual of America Capital Management LLC now owns 153,739 shares of the industrial products company's stock worth $12,185,000 after buying an additional 14,362 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Crown by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company's stock worth $1,089,029,000 after purchasing an additional 173,460 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Crown by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company's stock worth $121,614,000 after purchasing an additional 44,195 shares during the period. International Assets Investment Management LLC bought a new position in shares of Crown in the fourth quarter worth about $1,925,000. Finally, Grand Jean Capital Management Inc. increased its stake in shares of Crown by 28.8% in the fourth quarter. Grand Jean Capital Management Inc. now owns 140,384 shares of the industrial products company's stock worth $12,928,000 after purchasing an additional 31,401 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 593,678 shares of the company's stock, valued at approximately $50,480,440.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total transaction of $643,875.00. Following the transaction, the chief executive officer now owns 586,178 shares of the company's stock, valued at approximately $50,323,381.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 15,000 shares of the company'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 transaction, the chief executive officer now directly owns 593,678 shares in the company, valued at approximately $50,480,440.34. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $2,598,675 in the last three months. 0.90% of the stock is owned by corporate insiders.

Crown Price Performance

NYSE CCK traded up $0.98 during trading on Friday, reaching $91.36. 1,351,009 shares of the company traded hands, compared to its average volume of 1,152,463. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The stock's 50 day moving average price is $83.69 and its two-hundred day moving average price is $80.98. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.14 and a beta of 0.85. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $93.79.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.59 by $0.22. The business 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%. Crown's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.16 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, August 15th. Crown's payout ratio is currently 28.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCK shares. Truist Financial lifted their price objective on Crown from $88.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on Crown from $96.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Morgan Stanley boosted their price target on Crown from $92.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday. Barclays boosted their price target on Crown from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Finally, UBS Group lowered their price target on Crown from $112.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Crown presently has an average rating of "Moderate Buy" and a consensus target price of $101.14.

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.