Ball Corporation $BALL Stock Position Lessened by London Co. of Virginia

London Co. of Virginia trimmed its holdings in shares of Ball Corporation (NYSE:BALL) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,672,667 shares of the company’s stock after selling 137,689 shares during the period. London Co. of Virginia’s holdings in Ball were worth $134,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BALL. Norges Bank acquired a new position in Ball during the 2nd quarter valued at about $192,463,000. AQR Capital Management LLC increased 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 valued at $73,746,000 after acquiring an additional 1,230,791 shares during the period. Man Group plc raised its holdings in Ball by 141.3% during the third quarter. Man Group plc now owns 1,248,500 shares of the company’s stock worth $62,949,000 after purchasing an additional 731,076 shares in the last quarter. Bank of America Corp DE lifted its position in Ball by 55.1% in the second quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock worth $115,270,000 after purchasing an additional 730,462 shares during the period. Finally, Invesco Ltd. lifted its position in Ball by 14.9% in the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after purchasing an additional 602,137 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BALL has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Mizuho lifted their target price on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Citigroup upped their price target on shares of Ball from $67.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Finally, Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Insider Buying and Selling

In other news, SVP Fauze Villatoro bought 1,551 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $64.51 per share, with a total value of $100,055.01. Following the purchase, the senior vice president directly owned 13,778 shares in the company, valued at $888,818.78. This trade represents a 12.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the sale, the senior vice president owned 36,772 shares of the company’s stock, valued at $2,450,118.36. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

Ball Trading Down 0.1%

Shares of BALL opened at $62.11 on Tuesday. The business’s 50-day moving average price is $61.48 and its 200 day moving average price is $53.78. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $16.53 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.24 and a beta of 1.10. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, March 2nd. Ball’s dividend payout ratio is 24.10%.

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.