10 Best Aluminum and Aluminum Mining Stocks To Buy

1. Crown Holdings, Inc. (NYSE:CCK) 

Number of Hedge Fund Holders: 43

Crown Holdings, Inc. (NYSE:CCK) manufactures beverage packaging, food packaging, aerosol packaging, metal closures, promotional packaging, and transit packaging company for food, beverages, and consumer products. It’s one of the world’s largest producers of aluminum beverage cans. The company’s clients include leading beverage companies and food manufacturers. Crown Holdings, Inc. (NYSE:CCK) operates 200 plants in 40 countries in Europe, the Middle East and North Africa.

On October 17, Crown Holdings, Inc. (NYSE:CCK) announced its financial results for the third quarter ended on September 30. Despite challenges from unfavorable foreign currency translation and reduced volumes in some sectors, Crown Holdings, Inc. (NYSE:CCK) reported net sales of $3.07 billion, showing a slight increase from $3.06 billion over the same period last year. The company’s global beverage can business was a standout performer, with at least a 5% year-over-year increase in shipments in all key markets such as Brazil, Europe, Mexico, and the United States. Crown Holdings, Inc.’s (NYSE:CCK) income from operations increased from $374 million year-over-year to $444 million, driven by stronger results in global beverage operations.

Crown Holdings, Inc. (NYSE:CCK) is enhancing its manufacturing capabilities through continuous improvements that drive operational efficiency and cost savings. In Q3, the company’s manufacturing improvements contributed $20 million to $25 million in benefits. The company is also returning value to shareholders, with the Board of Directors approving a $2 billion share repurchase program through the end of 2027. The company has already repurchased 117 million shares of common stock in the first nine months of 2024.

While we acknowledge the potential of Crown Holdings, Inc. (NYSE:CCK) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CCK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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