Huntington National Bank Has $3.03 Million Stock Position in Ball Corporation $BALL

Huntington National Bank lowered its holdings in shares of Ball Corporation (NYSE:BALL) by 16.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 60,052 shares of the company’s stock after selling 11,882 shares during the period. Huntington National Bank’s holdings in Ball were worth $3,028,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BALL. Argent Trust Co raised its position in Ball by 5.2% during the 3rd quarter. Argent Trust Co now owns 8,345 shares of the company’s stock worth $421,000 after purchasing an additional 415 shares during the last quarter. Quantbot Technologies LP acquired a new position in Ball during the 3rd quarter worth about $1,490,000. Mosaic Family Wealth Partners LLC grew its position in shares of Ball by 38.7% in the 3rd quarter. Mosaic Family Wealth Partners LLC now owns 103,821 shares of the company’s stock valued at $5,150,000 after buying an additional 28,949 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Ball by 34.9% in the third quarter. Handelsbanken Fonder AB now owns 91,900 shares of the company’s stock valued at $4,634,000 after buying an additional 23,800 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Ball in the third quarter valued at about $299,000. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Jefferies Financial Group raised their price target on shares of Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Mizuho upped their price objective on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Finally, Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Monday, November 17th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Price Performance

Shares of NYSE BALL opened at $67.07 on Friday. The firm has a market capitalization of $17.84 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.33 and a beta of 1.13. The firm’s 50-day moving average price is $59.23 and its 200-day moving average price is $53.01. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.29.

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

Ball Dividend Announcement

The company 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio is presently 24.10%.

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.