Huntington National Bank Sells 11,882 Shares of Ball Corporation $BALL

Huntington National Bank trimmed its holdings in shares of Ball Corporation (NYSE:BALL) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,052 shares of the company’s stock after selling 11,882 shares during the quarter. Huntington National Bank’s holdings in Ball were worth $3,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of Ball in the third quarter valued at approximately $583,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Ball by 4.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock worth $14,272,000 after buying an additional 11,731 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in Ball by 73.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock worth $2,351,000 after acquiring an additional 19,776 shares during the period. Rakuten Investment Management Inc. acquired a new position in Ball in the 3rd quarter valued at $464,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ball during the 3rd quarter valued at $2,682,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock opened at $67.07 on Friday. The company’s 50 day moving average price is $59.23 and its two-hundred day moving average price is $53.01. The firm has a market capitalization of $17.84 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.33 and a beta of 1.13. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. 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 fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.20 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s dividend payout ratio (DPR) is currently 24.10%.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of recent analyst reports. Morgan Stanley set a $66.00 price target on Ball in a research report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Robert W. Baird set a $75.00 target price on shares of Ball in a report on Wednesday, February 4th. Jefferies Financial Group boosted their target price on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Truist Financial upped their price target on shares of Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Eight 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.46.

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.