Ball Corporation $BALL Stock: Norris Perne & French LLP MI Raises Position

Norris Perne & French LLP MI raised its position in Ball Corporation (NYSE:BALL) by 84.9% in the third quarter, Holdings Channel reports. The fund owned 878,927 shares of the company’s stock after buying an additional 403,471 shares during the period. Ball makes up approximately 2.2% of Norris Perne & French LLP MI’s portfolio, making the stock its 10th biggest holding. Norris Perne & French LLP MI’s holdings in Ball were worth $49,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Signaturefd LLC increased its position in shares of Ball by 691.6% in the 3rd quarter. Signaturefd LLC now owns 6,515 shares of the company’s stock valued at $365,000 after purchasing an additional 5,692 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Ball by 1,252.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 86,253 shares of the company’s stock worth $4,833,000 after purchasing an additional 79,876 shares during the last quarter. Iridian Asset Management LLC CT lifted its position in shares of Ball by 44.1% during the 3rd quarter. Iridian Asset Management LLC CT now owns 47,762 shares of the company’s stock worth $2,676,000 after purchasing an additional 14,623 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Ball by 149.5% during the third quarter. Evergreen Capital Management LLC now owns 8,699 shares of the company’s stock worth $487,000 after purchasing an additional 5,213 shares in the last quarter. Finally, RWC Asset Management LLP grew its stake in shares of Ball by 709.5% during the third quarter. RWC Asset Management LLP now owns 64,310 shares of the company’s stock worth $3,603,000 after purchasing an additional 56,366 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Ball Price Performance

Shares of NYSE BALL opened at $64.76 on Friday. 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 twelve month low of $44.83 and a twelve month high of $68.29. The stock has a 50 day moving average of $60.91 and a two-hundred day moving average of $60.41. The stock has a market cap of $17.14 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.30 and a beta of 0.96.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts forecast that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.20 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s dividend payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BALL. Bank of America increased their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Mizuho set a $72.00 price objective on Ball in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a report on Friday, September 18th. Finally, UBS Group cut their target price on Ball from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Ball Company Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.