Ball (NYSE:BALL) SVP Mandy Glew Sells 5,626 Shares of Stock

Ball Corporation (NYSE:BALL) SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ball Stock Performance

Shares of NYSE BALL opened at $64.06 on Thursday. The stock has a fifty day moving average price of $62.48 and a two-hundred day moving average price of $61.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The firm has a market cap of $16.96 billion, a P/E ratio of 18.15, a PEG ratio of 1.23 and a beta of 0.98. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

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

Institutional Investors Weigh In On Ball

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares in the last quarter. Empowered Funds LLC raised its position in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC purchased a new stake in Ball in the 2nd quarter worth about $453,000. Finally, Jump Financial LLC purchased a new stake in Ball in the 2nd quarter worth about $696,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BALL. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their price objective on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 target price on Ball in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

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.