Ball (NYSE:BALL) SVP Kathleen Pitre Sells 10,660 Shares of Stock

Ball Corporation (NYSE:BALL) SVP Kathleen Pitre sold 10,660 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total value of $710,275.80. Following the transaction, the senior vice president directly owned 36,772 shares in the company, valued at $2,450,118.36. This represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ball Stock Performance

Shares of BALL opened at $66.47 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 1.29. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.29. The company has a 50-day simple moving average of $59.51 and a 200-day simple moving average of $53.09. The company has a market capitalization of $17.69 billion, a PE ratio of 20.02, a P/E/G ratio of 1.34 and a beta of 1.10.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’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. Equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on BALL. Morgan Stanley set a $66.00 target price on Ball in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Mizuho raised their target price on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Institutional Investors Weigh In On Ball

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC boosted its position in 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 acquiring an additional 1,531 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares during the period. Empowered Funds LLC boosted its holdings 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 purchasing an additional 590 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Ball during the second quarter worth $453,000. Finally, Bessemer Group Inc. grew its position in shares of Ball by 133.1% in the second quarter. Bessemer Group Inc. now owns 7,134 shares of the company’s stock valued at $400,000 after purchasing an additional 4,074 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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.