Arwa LLC Buys New Stake in Ball Corporation $BALL

Arwa LLC purchased a new stake in Ball Corporation (NYSE:BALL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,454 shares of the company’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BALL. Norges Bank purchased a new stake in shares of Ball in the fourth quarter worth about $178,025,000. Dimensional Fund Advisors LP lifted its holdings in Ball by 47.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after acquiring an additional 1,830,434 shares during the period. M&G PLC boosted its position in Ball by 242.9% in the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after purchasing an additional 1,648,303 shares in the last quarter. AQR Capital Management LLC boosted its position in Ball by 1,465.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BALL shares. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. Truist Financial upped their price objective 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. Finally, UBS Group lowered their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Stock Up 0.1%

BALL stock opened at $57.79 on Friday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The firm has a 50-day simple moving average of $58.17 and a 200-day simple moving average of $58.20. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $15.39 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.13 and a beta of 1.01.

Ball (NYSE:BALL) last released its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts forecast that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Ball’s dividend 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.