Bayban Purchases New Shares in Ball Corporation $BALL

Bayban bought a new position in shares of Ball Corporation (NYSE:BALL) during the 1st quarter, Holdings Channel.com reports. The fund bought 9,040 shares of the company’s stock, valued at approximately $534,000.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. UBS Group reduced their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Citigroup lowered their target price on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Monday, May 18th. Finally, Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Ball Stock Performance

Shares of BALL opened at $62.48 on Wednesday. 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 firm’s fifty day simple moving average is $57.87 and its two-hundred day simple moving average is $58.90. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The stock has a market capitalization of $16.64 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts predict that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed 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 was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio is currently 23.12%.

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.