Arbejdsmarkedets Tillaegspension Invests $6.43 Million in Ball Corporation $BALL

Arbejdsmarkedets Tillaegspension bought a new stake in Ball Corporation (NYSE:BALL) in the first quarter, HoldingsChannel reports. The fund bought 108,864 shares of the company’s stock, valued at approximately $6,435,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares during the period. AQR Capital Management LLC raised its holdings in Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after acquiring an additional 67,289 shares in the last quarter. Empowered Funds LLC boosted its stake in Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after acquiring an additional 590 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Ball during the 2nd quarter valued at $453,000. Finally, Jump Financial LLC acquired a new position in Ball during the 2nd quarter worth $696,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BALL. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, May 18th. Truist Financial increased their price target on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Wells Fargo & Company lifted their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial set a $73.00 price objective on Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.92.

Ball Trading Down 0.7%

NYSE BALL opened at $61.25 on Tuesday. 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 Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a 50-day simple moving average of $57.86 and a 200-day simple moving average of $59.56. The firm has a market capitalization of $16.31 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Ball’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

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

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.