Thompson Siegel & Walmsley LLC Makes New Investment in Crown Holdings, Inc. (NYSE:CCK)

Thompson Siegel & Walmsley LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 807,010 shares of the industrial products company's stock, valued at approximately $66,732,000. Thompson Siegel & Walmsley LLC owned 0.67% of Crown at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock worth $2,109,000 after buying an additional 12,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Crown by 4.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company's stock worth $23,878,000 after acquiring an additional 10,295 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Crown by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company's stock worth $90,511,000 after acquiring an additional 176,959 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Crown by 10.4% during the third quarter. Natixis Advisors LLC now owns 171,080 shares of the industrial products company's stock valued at $16,403,000 after acquiring an additional 16,050 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its stake in Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after purchasing an additional 1,000,605 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

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Crown Stock Performance

CCK stock traded up $1.91 during midday trading on Friday, hitting $89.01. 995,760 shares of the stock traded hands, compared to its average volume of 1,138,205. The stock's fifty day simple moving average is $86.74 and its 200-day simple moving average is $89.54. The firm has a market cap of $10.46 billion, a P/E ratio of 25.00, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share 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 earnings per share for the current year.

Crown Increases Dividend

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

Wall Street Analysts Forecast Growth

CCK has been the subject of several research reports. Morgan Stanley upgraded shares of Crown from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Barclays lowered their price target on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Mizuho cut their price objective on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Truist Financial lifted their target price on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Finally, Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

Crown Company 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.