HighPoint Advisor Group LLC Takes Position in Ball Corporation $BALL

HighPoint Advisor Group LLC bought a new stake in Ball Corporation (NYSE:BALL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,979 shares of the company’s stock, valued at approximately $688,000.

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

Insider Buying and Selling

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the transaction, the senior vice president owned 36,772 shares in the company, valued at $2,450,118.36. This represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Fauze Villatoro bought 1,551 shares of the firm’s 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 transaction, the senior vice president owned 13,778 shares in the company, valued at approximately $888,818.78. This represents a 12.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $66.00 price target on shares of Ball in a research note on Wednesday, February 4th. Truist Financial upped their price target 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. Citigroup decreased their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Performance

Shares of NYSE:BALL opened at $56.44 on Thursday. The company’s 50 day moving average price is $60.93 and its two-hundred day moving average price is $56.87. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The firm has a market cap of $15.03 billion, a PE ratio of 16.31, a PEG ratio of 1.12 and a beta of 1.06. 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 announced its 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. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts predict that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

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.