MAI Capital Management Grows Position in Ball Corporation $BALL

MAI Capital Management grew its position in shares of Ball Corporation (NYSE:BALL) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,629 shares of the company’s stock after purchasing an additional 8,028 shares during the quarter. MAI Capital Management’s holdings in Ball were worth $3,309,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the period. AQR Capital Management LLC raised its position in shares of Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after acquiring an additional 67,289 shares during the period. Empowered Funds LLC boosted its stake in shares of Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after acquiring an additional 590 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Ball during the 2nd quarter valued at about $453,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Ball during the 2nd quarter valued at about $397,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Citigroup upped their target price on Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Wells Fargo & Company increased their target price on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Jefferies Financial Group lifted their price target on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Mizuho upped their price objective on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Stock Performance

NYSE BALL opened at $67.07 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $59.23 and its 200-day simple moving average is $53.02. The company has a market cap of $17.84 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13. 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 the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio is 24.10%.

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.