Caprock Group LLC Invests $1.19 Million in Ball Corporation $BALL

Caprock Group LLC purchased a new stake in Ball Corporation (NYSE:BALL) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 22,636 shares of the company’s stock, valued at approximately $1,192,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Ball during the second quarter worth $192,463,000. AQR Capital Management LLC raised its holdings in shares of Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after purchasing an additional 1,230,791 shares during the last quarter. ABN Amro Investment Solutions bought a new position in shares of Ball during the second quarter valued at about $43,732,000. Bank of America Corp DE boosted its holdings in Ball by 55.1% during the second 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 during the last quarter. Finally, Man Group plc grew its position in Ball by 221.9% in the 2nd quarter. Man Group plc now owns 517,424 shares of the company’s stock worth $29,022,000 after purchasing an additional 356,672 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BALL. Morgan Stanley set a $66.00 target price on shares of Ball in a research report on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Mizuho increased their price target on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Ball Stock Up 0.9%

BALL opened at $67.30 on Friday. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The company has a fifty day moving average price of $55.95 and a 200-day moving average price of $52.22. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $18.04 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. Ball had a return on equity of 18.10% and a net margin of 6.93%.The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s payout ratio is 24.10%.

Ball 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.