Ball Corporation $BALL Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in Ball Corporation (NYSE:BALL) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,628 shares of the company’s stock after buying an additional 35,417 shares during the quarter. Van ECK Associates Corp owned approximately 0.11% of Ball worth $14,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BALL. SJS Investment Consulting Inc. lifted its holdings in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after acquiring an additional 805 shares during the period. MUFG Securities EMEA plc purchased a new stake in Ball in the second quarter valued at approximately $46,000. CYBER HORNET ETFs LLC acquired a new position in Ball during the second quarter worth approximately $47,000. Hantz Financial Services Inc. increased its position in Ball by 395.9% during the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after purchasing an additional 966 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity at Ball

In related news, SVP Fauze Villatoro purchased 1,551 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the acquisition, the senior vice president directly owned 13,778 shares in the company, valued at $888,818.78. The trade was a 12.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at $2,450,118.36. This trade represents a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BALL shares. Wells Fargo & Company lifted their price target on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Citigroup increased their target price on Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Jefferies Financial Group lifted their target price on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Robert W. Baird set a $75.00 price target on Ball in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Stock Up 0.4%

Ball stock traded up $0.22 during trading on Friday, reaching $61.91. 156,075 shares of the company’s stock were exchanged, compared to its average volume of 2,186,740. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.29. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.75 and a current ratio of 1.11. The company’s 50-day moving average is $61.14 and its two-hundred day moving average is $53.63.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently declared 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 of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s payout ratio is 24.10%.

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.