Bornite Capital Management LP Buys New Stake in Ball Corporation $BALL

Bornite Capital Management LP bought a new stake in Ball Corporation (NYSE:BALL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 700,000 shares of the company’s stock, valued at approximately $37,079,000. Ball accounts for about 3.6% of Bornite Capital Management LP’s portfolio, making the stock its 13th biggest holding. Bornite Capital Management LP owned 0.26% of Ball at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BALL. Norges Bank acquired a new stake in Ball in the 4th quarter valued at approximately $178,025,000. Dimensional Fund Advisors LP increased its position in Ball by 47.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after acquiring an additional 1,830,434 shares during the period. M&G PLC increased its position in Ball by 242.9% in the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after acquiring an additional 1,648,303 shares during the period. AQR Capital Management LLC increased its position in Ball by 1,465.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after acquiring an additional 1,230,791 shares during the period. Finally, Deutsche Bank AG increased its position in Ball by 58.5% in the 4th quarter. Deutsche Bank AG now owns 2,570,056 shares of the company’s stock valued at $136,136,000 after acquiring an additional 948,473 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on BALL. Citigroup lowered their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Weiss Ratings cut Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. UBS Group lowered their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.54.

Ball Stock Up 1.0%

Shares of BALL stock opened at $56.93 on Friday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market cap of $15.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The business’s fifty day moving average is $58.41 and its 200-day moving average is $57.91. 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) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts expect that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Ball’s dividend payout ratio (DPR) is currently 23.12%.

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.