Ball Corporation $BALL Position Boosted by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its holdings in shares of Ball Corporation (NYSE:BALL) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,033,012 shares of the company’s stock after acquiring an additional 213,013 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.76% of Ball worth $107,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BALL. Norges Bank purchased a new position in Ball during the 4th quarter valued at about $178,025,000. Dimensional Fund Advisors LP grew its stake in Ball by 47.8% during the 4th 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 in the last quarter. M&G PLC grew its stake in Ball by 242.9% during the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after acquiring an additional 1,648,303 shares in the last quarter. AQR Capital Management LLC grew its stake in Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after acquiring an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after acquiring an additional 999,690 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Down 0.9%

Shares of Ball stock opened at $57.68 on Thursday. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The stock has a 50-day simple moving average of $58.28 and a 200-day simple moving average of $58.14.

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

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 1st. Ball’s payout ratio is 23.12%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BALL shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Raymond James Financial set a $73.00 target price on Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Monday, May 18th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

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.