OLD National Bancorp IN Has $3.12 Million Stock Position in Ball Corporation $BALL

OLD National Bancorp IN lowered its stake in Ball Corporation (NYSE:BALL) by 7.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,587 shares of the company’s stock after selling 4,497 shares during the period. OLD National Bancorp IN’s holdings in Ball were worth $3,118,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BALL. Brighton Jones LLC increased its holdings in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ball by 5,420.9% during the 1st quarter. GAMMA Investing LLC now owns 200,574 shares of the company’s stock worth $10,444,000 after acquiring an additional 196,941 shares during the period. NBC Securities Inc. acquired a new stake in shares of Ball during the 1st quarter worth approximately $83,000. Toth Financial Advisory Corp increased its stake in Ball by 0.6% in the first quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company’s stock valued at $2,778,000 after acquiring an additional 325 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Ball by 51.3% during the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock valued at $77,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

BALL has been the topic of a number of research analyst reports. Truist Financial raised their target price on Ball from $62.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 11th. Bank of America restated a “neutral” rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Saturday, September 27th. Finally, Citigroup decreased their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ball presently has an average rating of “Hold” and an average price target of $63.73.

Ball Stock Performance

Shares of BALL stock opened at $50.29 on Monday. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.14 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average price is $52.22 and its 200-day moving average price is $52.91. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $67.84.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball’s payout ratio is currently 41.45%.

Ball Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.