Maven Securities LTD Buys Shares of 11,297 Ball Corporation $BALL

Maven Securities LTD purchased a new position in Ball Corporation (NYSE:BALL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,297 shares of the company’s stock, valued at approximately $570,000.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC raised its position in shares of Ball by 17.6% in the 3rd quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after acquiring an additional 215 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Ball by 2.7% during the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock valued at $477,000 after purchasing an additional 246 shares in the last quarter. Seeds Investor LLC grew its stake in Ball by 4.1% in the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock worth $381,000 after purchasing an additional 265 shares during the period. Smith Moore & CO. grew its stake in Ball by 2.3% in the second quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock worth $687,000 after purchasing an additional 278 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Ball by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 118,213 shares of the company’s stock worth $5,960,000 after purchasing an additional 296 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BALL has been the topic of a number of research reports. Morgan Stanley set a $66.00 target price on shares of Ball in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Ball from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 price objective on shares of Ball in a report on Wednesday, February 4th. Finally, Mizuho raised their target price 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. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.46.

Insider Activity

In other news, SVP Fauze Villatoro bought 1,551 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of $64.51 per share, with a total value of $100,055.01. Following the completion of the acquisition, the senior vice president owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. This represents a 12.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the transaction, the senior vice president owned 36,772 shares in the company, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by insiders.

Ball Trading Down 0.6%

Ball stock opened at $61.72 on Wednesday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.29. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The business’s fifty day simple moving average is $61.62 and its two-hundred day simple moving average is $53.84. 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 (NYSE:BALL) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share 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 company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, March 2nd. Ball’s dividend payout ratio (DPR) is currently 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.