Truist Financial Corp Sells 35,287 Shares of Ball Corporation $BALL

Truist Financial Corp trimmed its holdings in Ball Corporation (NYSE:BALL) by 55.5% in the 4th quarter, HoldingsChannel reports. The firm owned 28,279 shares of the company’s stock after selling 35,287 shares during the quarter. Truist Financial Corp’s holdings in Ball were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BALL. AQR Capital Management LLC boosted its position in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after acquiring an additional 1,230,791 shares during the last quarter. Man Group plc boosted its position in shares of Ball by 141.3% during the 3rd quarter. Man Group plc now owns 1,248,500 shares of the company’s stock valued at $62,949,000 after acquiring an additional 731,076 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Ball by 55.1% during the 2nd quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock valued at $115,270,000 after acquiring an additional 730,462 shares during the last quarter. Invesco Ltd. boosted its position in shares of Ball by 14.9% during the 3rd quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after acquiring an additional 602,137 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ball by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock valued at $193,003,000 after acquiring an additional 455,089 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Down 2.6%

Shares of BALL opened at $55.16 on Friday. The company has a market cap of $14.69 billion, a PE ratio of 15.94, a P/E/G ratio of 1.10 and a beta of 1.06. The business has a fifty day moving average of $60.56 and a 200 day moving average of $56.90. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.20 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Insiders Place Their Bets

In other Ball news, SVP Fauze Villatoro bought 1,551 shares of Ball stock in a transaction on Wednesday, March 4th. The shares were acquired at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the purchase, the senior vice president directly owned 13,778 shares in the company, valued at approximately $888,818.78. This trade represents a 12.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the sale, the senior vice president owned 36,772 shares in the company, valued at approximately $2,450,118.36. The trade was a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BALL. Raymond James Financial set a $73.00 target price on Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. UBS Group lowered their target price on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Morgan Stanley set a $66.00 target price on Ball in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Finally, Mizuho increased their target price on Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

About Ball

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.