Ball Corporation $BALL Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Ball Corporation (NYSE:BALL) by 43.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 133,878 shares of the company’s stock after buying an additional 40,798 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ball were worth $7,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BALL. State Street Corp lifted its holdings in shares of Ball by 8.3% during the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company’s stock valued at $837,196,000 after buying an additional 1,024,861 shares during the period. Bank of America Corp DE purchased a new position in shares of Ball in the 2nd quarter worth $160,506,000. Hsbc Holdings PLC bought a new stake in shares of Ball in the second quarter worth $96,380,000. AMG National Trust Bank bought a new stake in shares of Ball in the second quarter worth $76,377,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Ball by 90.7% in the second quarter. Engineers Gate Manager LP now owns 81,799 shares of the company’s stock worth $5,104,000 after acquiring an additional 38,896 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BALL. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research report on Friday, September 18th. Bank of America boosted their price target on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Ball from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. UBS Group lowered their price objective on shares of Ball from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Insider Activity

In related news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is owned by insiders.

Ball Stock Performance

NYSE BALL opened at $65.78 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The business has a 50-day moving average price of $60.85 and a 200-day moving average price of $60.38. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. Ball’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts predict that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.