First Manhattan CO. LLC. Has $107.69 Million Position in Ball Corporation $BALL

First Manhattan CO. LLC. increased its stake in Ball Corporation (NYSE:BALL – Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,033,012 shares of the company’s stock after purchasing an additional 213,013 shares during the quarter. First Manhattan CO. LLC.’s holdings in Ball were worth $107,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BALL. Norges Bank acquired a new stake in Ball in the 4th quarter worth approximately $178,025,000. Dimensional Fund Advisors LP lifted its holdings in Ball by 47.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. M&G PLC lifted its holdings in shares of Ball by 242.9% during the fourth quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after buying an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ball by 1,465.3% during the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after buying an additional 1,230,791 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Ball by 5.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after buying an additional 999,690 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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Ball Stock Performance

Shares of NYSE BALL opened at $57.68 on Thursday. The business has a fifty day simple moving average of $58.28 and a 200 day simple moving average of $58.14. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.13 and a beta of 1.01. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BALL shares. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company upped their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Truist Financial upped their price target on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. UBS Group cut their price target on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.54.

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About Ball

(Free Report)

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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