OP Asset Management Ltd Buys Shares of 26,242 Ball Corporation $BALL

OP Asset Management Ltd bought a new stake in Ball Corporation (NYSE:BALL) in the 1st quarter, Holdings Channel reports. The institutional investor bought 26,242 shares of the company’s stock, valued at approximately $1,551,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after acquiring an additional 1,531 shares in the last quarter. AQR Capital Management LLC increased its stake in Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after acquiring an additional 67,289 shares during the last quarter. Empowered Funds LLC raised its position in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after purchasing an additional 590 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Ball during the second quarter valued at approximately $453,000. Finally, Jump Financial LLC bought a new stake in Ball during the second quarter worth $696,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

Shares of NYSE:BALL opened at $61.91 on Tuesday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.21 and a beta of 1.01. The firm has a 50 day simple moving average of $57.91 and a 200 day simple moving average of $58.80.

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

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is currently 23.12%.

Analyst Ratings Changes

BALL has been the topic of a number of research analyst reports. Citigroup reduced their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a report on Friday, April 17th. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. UBS Group reduced their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their target price on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

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.