Freestone Grove Partners LP Makes New $2.85 Million Investment in Ball Corporation $BALL

Freestone Grove Partners LP bought a new position in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 45,714 shares of the company’s stock, valued at approximately $2,853,000.

A number of other large investors have also recently modified their holdings of the stock. Independent Advisor Alliance lifted its holdings in Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after buying an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP acquired a new position in shares of Ball in the fourth quarter worth $26,485,000. International Assets Investment Management LLC purchased a new stake in shares of Ball during the fourth quarter worth $4,349,000. Swiss Life Asset Management Ltd increased its position in shares of Ball by 70.0% during the fourth quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock worth $4,597,000 after acquiring an additional 35,749 shares during the period. Finally, AMG National Trust Bank acquired a new stake in shares of Ball in the second quarter valued at $76,377,000. Institutional investors own 86.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BALL. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Bank of America boosted their price objective on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Performance

Shares of BALL opened at $63.69 on Friday. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. 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 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a 50 day moving average price of $62.71 and a 200 day moving average price of $61.21.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts predict that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s payout ratio is 22.66%.

Ball Company 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.