Ball Corporation $BALL Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC grew its stake in Ball Corporation (NYSE:BALL) by 130.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,348 shares of the company’s stock after purchasing an additional 12,071 shares during the period. HB Wealth Management LLC’s holdings in Ball were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Ball during the 4th quarter worth approximately $178,025,000. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 1,830,434 shares during the period. M&G PLC raised 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 purchasing an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ball by 1,465.3% during the second 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 grew its stake in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after purchasing an additional 999,690 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Trading Down 0.4%

NYSE BALL opened at $62.73 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The company has a 50-day simple moving average of $57.86 and a 200-day simple moving average of $59.31. The firm has a market capitalization of $16.70 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. 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 declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is 23.12%.

Analysts Set New Price Targets

Several research firms have recently commented on BALL. Deutsche Bank Aktiengesellschaft assumed coverage on Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target for the company. Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Finally, Citigroup dropped their price objective on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.54.

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.