Crown (NYSE:CCK) Shares Acquired Rep. Thomas H. Kean, Jr.

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 %

Crown stock opened at $87.33 on Friday. The stock’s 50 day moving average price is $85.25 and its 200 day moving average price is $89.42. The company has a market cap of $10.45 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. 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) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Crown

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Crown by 3.6% in the third quarter. Creative Planning now owns 45,835 shares of the industrial products company’s stock worth $4,395,000 after buying an additional 1,586 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Crown by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,444 shares of the industrial products company’s stock worth $2,056,000 after buying an additional 347 shares during the period. Blue Trust Inc. boosted its position in shares of Crown by 158.9% in the third quarter. Blue Trust Inc. now owns 1,574 shares of the industrial products company’s stock worth $151,000 after buying an additional 966 shares during the period. Raymond James & Associates boosted its position in shares of Crown by 16.2% in the third quarter. Raymond James & Associates now owns 115,158 shares of the industrial products company’s stock worth $11,041,000 after buying an additional 16,074 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Crown by 27.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 222,522 shares of the industrial products company’s stock worth $21,335,000 after buying an additional 47,484 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho reduced their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Truist Financial boosted their price target on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.69.

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.

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.