Jupiter Topco LLC acquired a new stake in shares of Ball Corporation (NYSE:BALL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 776,674 shares of the company’s stock, valued at approximately $48,466,000. Jupiter Topco LLC owned approximately 0.29% of Ball as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Ball during the 2nd quarter valued at approximately $1,310,991,000. Price T Rowe Associates Inc. MD grew 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 valued at $1,000,429,000 after buying an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ball by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after buying an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ball by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after acquiring an additional 340,677 shares during the period. Finally, Boston Partners increased its position in shares of Ball by 24.2% in the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after acquiring an additional 922,747 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Ball
In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on BALL
Ball Stock Performance
Shares of BALL stock opened at $63.43 on Friday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.79 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The business has a 50-day simple moving average of $62.59 and a 200-day simple moving average of $61.19.
Ball (NYSE:BALL – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts expect that Ball Corporation will post 4.01 EPS for the current year.
Ball Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio is currently 22.66%.
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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