10,686 Shares in Ball Corporation $BALL Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,686 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Norges Bank purchased a new stake in shares of Ball during the second quarter worth about $192,463,000. 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 purchasing an additional 1,230,791 shares in the last quarter. ABN Amro Investment Solutions purchased a new stake in Ball during the 2nd quarter worth approximately $43,732,000. Bank of America Corp DE raised its position 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 in the last quarter. Finally, Man Group plc raised its position in shares of Ball by 221.9% in the 2nd quarter. Man Group plc now owns 517,424 shares of the company’s stock valued at $29,022,000 after purchasing an additional 356,672 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Trading Down 0.4%

NYSE BALL opened at $66.30 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The company has a 50-day simple moving average of $57.11 and a 200-day simple moving average of $52.41. The firm has a market capitalization of $17.77 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company posted $0.84 earnings per share. Ball’s revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s payout ratio is currently 24.10%.

Analysts Set New Price Targets

BALL has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 target price on shares of Ball in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Truist Financial lifted their price target on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $68.46.

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.