Assenagon Asset Management S.A. Increases Stock Position in Ball Corporation $BALL

Assenagon Asset Management S.A. grew its stake in Ball Corporation (NYSE:BALL) by 299.8% during the first quarter, HoldingsChannel reports. The fund owned 555,923 shares of the company’s stock after acquiring an additional 416,870 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ball were worth $32,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cidel Asset Management Inc. acquired a new position in Ball during the 1st quarter valued at approximately $203,000. Krilogy Financial LLC purchased a new stake in shares of Ball in the 1st quarter valued at $333,000. SG Americas Securities LLC boosted its holdings in shares of Ball by 5.2% in the 1st quarter. SG Americas Securities LLC now owns 146,796 shares of the company’s stock valued at $8,677,000 after acquiring an additional 7,282 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Ball in the first quarter worth $344,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Ball by 35.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,997 shares of the company’s stock worth $1,182,000 after acquiring an additional 5,265 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Ball stock opened at $61.97 on Friday. The stock has a market cap of $16.50 billion, a P/E ratio of 17.91, a PEG ratio of 1.20 and a beta of 1.01. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. 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 company has a 50-day moving average price of $57.93 and a 200 day moving average price of $58.62.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share 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 analysts’ expectations of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s payout ratio is 23.12%.

Wall Street Analyst Weigh In

BALL has been the subject of a number of analyst reports. Truist Financial boosted their price target on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective on the stock. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. UBS Group lowered their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research report on Monday, May 18th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

Key Headlines Impacting Ball

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Zacks Research increased its earnings estimates for Ball’s Q1 2027, Q1 2028 and FY2028, signaling stronger expected earnings growth.
• Positive Sentiment: Ball was also cited as a top-ranked momentum stock, which can attract short-term buying from traders and momentum-focused investors. Ball momentum stock article

About Ball

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.