London Co. of Virginia Has $132.73 Million Holdings in Ball Corporation $BALL

London Co. of Virginia lessened its stake in Ball Corporation (NYSE:BALL) by 6.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,505,696 shares of the company’s stock after selling 166,971 shares during the quarter. London Co. of Virginia’s holdings in Ball were worth $132,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position in Ball by 72.0% in the 4th quarter. Captrust Financial Advisors now owns 13,958 shares of the company’s stock valued at $739,000 after acquiring an additional 5,843 shares in the last quarter. ExodusPoint Capital Management LP increased its position in Ball by 12.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 723,546 shares of the company’s stock valued at $38,326,000 after acquiring an additional 79,351 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Ball in the 4th quarter valued at about $1,442,000. Rakuten Investment Management Inc. grew its position in shares of Ball by 278.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 34,853 shares of the company’s stock worth $1,853,000 after buying an additional 25,641 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of Ball by 151.2% during the 4th quarter. Verition Fund Management LLC now owns 308,851 shares of the company’s stock worth $16,360,000 after buying an additional 185,890 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BALL shares. Wells Fargo & Company lifted their price target on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Citigroup lowered their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, UBS Group lowered their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Up 1.4%

Shares of NYSE:BALL opened at $58.17 on Wednesday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a 50 day moving average of $58.32 and a 200-day moving average of $58.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.12 and a beta of 1.01.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Ball’s revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts forecast that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

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.