Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK – Get Rating) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,867 shares of the industrial products company’s stock after selling 62,604 shares during the period. Thrivent Financial for Lutherans’ holdings in Crown were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in Crown during the 4th quarter valued at about $33,000. Harvest Fund Management Co. Ltd acquired a new position in Crown during the 4th quarter valued at approximately $40,000. Ronald Blue Trust Inc. increased its stake in Crown by 53.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 226 shares in the last quarter. Signaturefd LLC increased its stake in Crown by 210.2% during the 4th quarter. Signaturefd LLC now owns 974 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 660 shares in the last quarter. Finally, CWM LLC increased its stake in Crown by 28.4% during the 4th quarter. CWM LLC now owns 1,351 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 299 shares in the last quarter.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of research reports. StockNews.com lowered Crown from a “hold” rating to a “sell” rating in a report on Saturday. TheStreet upgraded shares of Crown from a “c” rating to a “b-” rating in a research note on Wednesday, February 8th. Mizuho increased their price objective on shares of Crown from $103.00 to $108.00 in a research note on Wednesday, April 26th. Citigroup increased their price objective on shares of Crown from $103.00 to $104.00 in a research note on Thursday, April 27th. Finally, Royal Bank of Canada increased their price objective on shares of Crown from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.60.

Crown Stock Up 1.2 %

CCK stock opened at $81.48 on Wednesday. The stock has a market capitalization of $9.79 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.59 and a beta of 1.05. The firm has a 50-day simple moving average of $80.61 and a 200-day simple moving average of $82.64. The company has a quick ratio of 0.73, a current ratio of 1.30 and a debt-to-equity ratio of 2.84. Crown Holdings, Inc. has a 52 week low of $66.00 and a 52 week high of $110.80.

Crown (NYSE:CCK – Get Rating) last released its earnings results on Monday, April 24th. The industrial products company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Crown had a net margin of 4.81% and a return on equity of 31.41%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 earnings per share. Equities analysts forecast that Crown Holdings, Inc. will post 6.3 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, May 10th. Crown’s dividend payout ratio is currently 18.90%.

Insider Activity at Crown

In related news, Director James H. Miller sold 9,300 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $84.86, for a total value of $789,198.00. Following the completion of the transaction, the director now directly owns 19,801 shares of the company’s stock, valued at approximately $1,680,312.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

About Crown

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Crown Holdings, Inc engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans, beverage, promotional, and transit packaging, closures and capping, and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging.