T. Rowe Price Investment Management Inc. Grows Stock Position in Ball Corporation $BALL

T. Rowe Price Investment Management Inc. increased its stake in Ball Corporation (NYSE:BALL) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,225,631 shares of the company’s stock after buying an additional 266,238 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Ball were worth $382,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new stake in shares of Ball in the fourth quarter valued at $25,000. Board of the Pension Protection Fund purchased a new position in shares of Ball during the 4th quarter worth about $26,000. Triumph Capital Management purchased a new position in shares of Ball during the 3rd quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in Ball during the 4th quarter valued at about $29,000. 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 worth $38,000 after purchasing an additional 222 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BALL has been the subject of several analyst reports. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Monday, May 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Ball in a research report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball Stock Up 0.1%

Shares of NYSE BALL opened at $57.79 on Friday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.13 and a beta of 1.01. The stock has a 50 day moving average price of $58.25 and a 200 day moving average price of $58.21. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion for 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%.Ball’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid 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 1.4%. Ball’s dividend payout ratio (DPR) 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.