Legal & General Group Plc Acquires Shares of 1,394,156 Ball Corporation $BALL

Legal & General Group Plc acquired a new stake in shares of Ball Corporation (NYSE:BALL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,394,156 shares of the company’s stock, valued at approximately $86,995,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Triumph Capital Management bought a new stake in Ball during the 3rd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC boosted its position in shares of Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Gilpin Wealth Management LLC bought a new stake in Ball during the fourth quarter worth $29,000. Trust Co. of Vermont bought a new stake in Ball during the second quarter worth $37,000. Finally, Harbour Investments Inc. raised its position in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Insider Transactions at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

BALL has been the topic of several recent analyst reports. Citigroup cut Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their target price on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Mizuho set a $72.00 price target on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Down 1.0%

BALL stock opened at $63.43 on Friday. The stock’s fifty day simple moving average is $62.59 and its two-hundred day simple moving average is $61.19. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The stock has a market cap of $16.79 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.23 and a beta of 0.98.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts expect that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is presently 22.66%.

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.