ExodusPoint Capital Management LP Increases Stock Position in Ball Corporation $BALL

ExodusPoint Capital Management LP raised its position in shares of Ball Corporation (NYSE:BALL) by 12.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 723,546 shares of the company’s stock after purchasing an additional 79,351 shares during the quarter. Ball accounts for about 0.3% of ExodusPoint Capital Management LP’s holdings, making the stock its 28th biggest holding. ExodusPoint Capital Management LP’s holdings in Ball were worth $38,326,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its holdings in Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after purchasing an additional 165 shares during the period. Western Wealth Management LLC increased its holdings in Ball by 3.2% during the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after purchasing an additional 208 shares during the period. Harbour Investments Inc. increased its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares during the period. Patton Fund Management Inc. increased its holdings in Ball by 5.7% during the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock valued at $244,000 after purchasing an additional 248 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Ball by 26.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock valued at $81,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BALL. Deutsche Bank Aktiengesellschaft began coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target on the stock. Citigroup reduced their price target on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Truist Financial lifted their target price on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Trading Up 1.4%

Shares of BALL opened at $58.17 on Wednesday. The firm’s 50-day moving average price is $58.32 and its 200-day moving average price is $58.09. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.01. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s payout ratio is presently 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.