Legal & General Group Plc Invests $87 Million in Ball Corporation $BALL

Legal & General Group Plc bought a new stake in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,394,156 shares of the company’s stock, valued at approximately $86,995,000. Legal & General Group Plc owned about 0.53% of Ball at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC boosted its stake in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Triumph Capital Management bought a new position in Ball during the third quarter worth $26,000. Gilpin Wealth Management LLC acquired a new position in Ball in the fourth quarter valued at $29,000. Trust Co. of Vermont acquired a new position in Ball in the second quarter valued at $37,000. Finally, Harbour Investments Inc. boosted its position in 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 acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $63.43 on Friday. The firm has a market capitalization of $16.79 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.23 and a beta of 0.98. The firm’s 50-day moving average price is $62.59 and its 200-day moving average price is $61.19. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 19.7% 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 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is presently 22.66%.

Analyst Ratings Changes

Several research firms have recently weighed in on BALL. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their target price on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Bank of America raised their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.69.

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.