Invst LLC Takes Position in Ball Corporation $BALL

Invst LLC purchased a new stake in Ball Corporation (NYSE:BALL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,788 shares of the company’s stock, valued at approximately $736,000.

Several other institutional investors have also made changes to their positions in BALL. BlackRock Inc. bought a new stake in Ball during the second quarter worth about $1,310,991,000. Norges Bank bought a new position in Ball in the 4th quarter valued at about $178,025,000. Deutsche Bank AG bought a new position in Ball in the 2nd quarter valued at about $163,768,000. Bank of New York Mellon Corp acquired a new position in shares of Ball in the 2nd quarter valued at approximately $143,165,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Ball by 47.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after buying an additional 1,830,434 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Down 0.4%

BALL opened at $64.16 on Wednesday. The company has a market cap of $16.98 billion, a P/E ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $62.35 and its 200-day moving average is $61.23. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

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

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio is 22.66%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BALL shares. Bank of America increased their price target on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, Mizuho set a $72.00 price target on Ball in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.69.

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.