Principal Financial Group Inc. Grows Stake in Ball Corporation $BALL

Principal Financial Group Inc. boosted its holdings in shares of Ball Corporation (NYSE:BALL) by 21.8% during the 1st quarter, Holdings Channel reports. The firm owned 401,616 shares of the company’s stock after buying an additional 71,793 shares during the period. Principal Financial Group Inc.’s holdings in Ball were worth $23,740,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Triumph Capital Management bought a new position in Ball in the 3rd quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Ball during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. raised its position in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Ball by 297.0% in the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after buying an additional 600 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Ball in the second quarter worth $46,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of research reports. Truist Financial upped their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Citigroup dropped their price objective on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Raymond James Financial set a $73.00 price objective on Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Stock Down 0.8%

Shares of NYSE:BALL opened at $62.22 on Tuesday. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.23 and a beta of 0.98. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $58.23 and a 200 day moving average price of $59.89.

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

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given 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 dividend yield of 1.3%. Ball’s payout ratio is currently 23.12%.

Ball 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.