Bornite Capital Management LP Invests $37.08 Million in Ball Corporation $BALL

Bornite Capital Management LP acquired a new position in shares of Ball Corporation (NYSE:BALL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 700,000 shares of the company’s stock, valued at approximately $37,079,000. Ball makes up approximately 3.6% of Bornite Capital Management LP’s portfolio, making the stock its 13th biggest holding.

Other large investors have also modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of Ball during the 4th quarter worth $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball during the 4th quarter worth $26,000. Triumph Capital Management bought a new stake in shares of Ball during the 3rd quarter worth $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Ball during the 4th quarter worth $29,000. Finally, Harbour Investments Inc. boosted its stake in shares of Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Stock Performance

Shares of Ball stock opened at $56.93 on Friday. The stock has a market cap of $15.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The business has a fifty day simple moving average of $58.41 and a 200-day simple moving average of $57.91. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Analyst Ratings Changes

Several research firms have recently weighed in on BALL. UBS Group reduced their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price for the company. Wells Fargo & Company raised their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

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.