Ball Corporation (NYSE:BALL – Get Free Report) SVP Mandy Glew sold 5,626 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares of the company’s stock, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ball Price Performance
Shares of BALL opened at $63.69 on Friday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The stock’s 50 day moving average is $62.71 and its two-hundred day moving average is $61.21. The firm has a market capitalization of $16.86 billion, a PE ratio of 18.04, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.
Ball (NYSE:BALL – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current year.
Ball Announces Dividend
Institutional Trading of Ball
Several institutional investors and hedge funds have recently modified their holdings of BALL. Brighton Jones LLC raised its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares during the last quarter. Empowered Funds LLC grew its holdings in Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after buying an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Ball during the second quarter worth $453,000. Finally, Jump Financial LLC purchased a new position in Ball during the second quarter worth $696,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Analyst Upgrades and Downgrades
BALL has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Wells Fargo & Company increased their target price on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.69.
Read Our Latest Report on BALL
Ball Company Profile
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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