MAI Capital Management Raises Holdings in Ball Corporation $BALL

MAI Capital Management increased its position in shares of Ball Corporation (NYSE:BALL) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,629 shares of the company’s stock after buying an additional 8,028 shares during the period. MAI Capital Management’s holdings in Ball were worth $3,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BALL. Endeavor Private Wealth Inc. acquired a new stake in shares of Ball in the 3rd quarter worth $583,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Ball by 4.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock valued at $14,272,000 after buying an additional 11,731 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in Ball by 73.7% in the third quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock valued at $2,351,000 after buying an additional 19,776 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Ball in the third quarter valued at about $464,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Ball in the third quarter worth about $2,682,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BALL. Jefferies Financial Group upped their price objective on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Citigroup boosted their target price on shares of Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Wells Fargo & Company upped their price target on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Mizuho raised their price target on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Stock Up 0.7%

BALL stock opened at $67.07 on Friday. The company has a market capitalization of $17.84 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.29. The firm’s fifty day simple moving average is $59.23 and its 200-day simple moving average is $53.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75.

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

Ball Dividend Announcement

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