Heartland Advisors Inc. cut its stake in Ball Corporation (NYSE:BALL – Free Report) by 35.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 139,679 shares of the company’s stock after selling 77,799 shares during the quarter. Heartland Advisors Inc.’s holdings in Ball were worth $7,399,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BALL. Norges Bank purchased a new position in shares of Ball during the 4th quarter worth approximately $178,025,000. AQR Capital Management LLC increased its stake in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Ball by 58.5% during the 4th quarter. Deutsche Bank AG now owns 2,570,056 shares of the company’s stock worth $136,136,000 after purchasing an additional 948,473 shares in the last quarter. Man Group plc increased its stake in shares of Ball by 141.3% during the 3rd quarter. Man Group plc now owns 1,248,500 shares of the company’s stock worth $62,949,000 after purchasing an additional 731,076 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Ball by 55.1% during the 2nd quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock worth $115,270,000 after purchasing an additional 730,462 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. UBS Group dropped their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Truist Financial raised their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.
Ball Stock Up 1.3%
Shares of NYSE BALL opened at $54.86 on Thursday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm’s 50 day moving average price is $58.54 and its 200 day moving average price is $57.87. The firm has a market cap of $14.61 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.
Ball (NYSE:BALL – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business earned $0.76 earnings per share. Ball’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.
Ball Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio (DPR) is 23.12%.
About Ball
Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.
The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.
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