Sone Capital Management LLC Makes New Investment in Ball Corporation $BALL

Sone Capital Management LLC bought a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 295,441 shares of the company’s stock, valued at approximately $18,436,000. Sone Capital Management LLC owned approximately 0.11% of Ball as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BALL. Brighton Jones LLC boosted its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after acquiring an additional 1,531 shares during the last quarter. AQR Capital Management LLC increased its position in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares during the last quarter. Empowered Funds LLC increased its position in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after purchasing an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Ball during the second quarter worth about $453,000. Finally, Jump Financial LLC purchased a new position in Ball during the second quarter worth about $696,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on BALL shares. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Mizuho set a $72.00 price target on shares of Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Wells Fargo & Company increased their price objective on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Price Performance

Ball stock opened at $64.43 on Tuesday. The company’s 50 day simple moving average is $62.23 and its 200-day simple moving average is $61.23. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is 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.