Ball Corporation $BALL Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,679 shares of the company’s stock after selling 77,799 shares during the period. Heartland Advisors Inc. owned approximately 0.05% of Ball worth $7,399,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BALL. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares during the period. AQR Capital Management LLC boosted its stake in shares of Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after buying an additional 67,289 shares during the period. Empowered Funds LLC boosted its stake in shares of Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Ball during the second quarter worth about $453,000. Finally, Jump Financial LLC acquired a new stake in shares of Ball during the second quarter worth about $696,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE:BALL opened at $54.86 on Thursday. 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 company has a market cap of $14.61 billion, a P/E ratio of 15.86, a PEG ratio of 1.06 and a beta of 1.01. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The company has a 50-day moving average price of $58.54 and a 200 day moving average price of $57.87.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. 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 year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is 23.12%.

Analysts Set New Price Targets

BALL has been the subject of several recent research reports. Weiss Ratings downgraded shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Citigroup reduced their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Monday, May 18th. Finally, Truist Financial raised their price objective on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.54.

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.