OP Asset Management Ltd Invests $1.55 Million in Ball Corporation $BALL

OP Asset Management Ltd acquired a new stake in Ball Corporation (NYSE:BALL) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 26,242 shares of the company’s stock, valued at approximately $1,551,000.

Several other large investors have also added to or reduced their stakes in BALL. Norges Bank acquired a new stake in Ball in the fourth quarter valued at $178,025,000. Dimensional Fund Advisors LP raised its position in shares of Ball by 47.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after purchasing an additional 1,830,434 shares during the period. M&G PLC lifted its stake in shares of Ball by 242.9% during the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after buying an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after buying an additional 1,230,791 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after buying an additional 999,690 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

BALL has been the topic of several research analyst reports. 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. Truist Financial upped their target price on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Monday, May 18th. Finally, Raymond James Financial set a $73.00 price target on Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Performance

NYSE BALL opened at $61.91 on Tuesday. The firm has a 50-day moving average price of $57.91 and a two-hundred day moving average price of $58.80. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a market capitalization of $16.48 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.21 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. 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 earnings per share. The business’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. Analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) is 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.