ExodusPoint Capital Management LP Purchases 79,351 Shares of Ball Corporation $BALL

ExodusPoint Capital Management LP increased its position in shares of Ball Corporation (NYSE:BALL) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 723,546 shares of the company’s stock after acquiring an additional 79,351 shares during the period. Ball makes up about 0.3% of ExodusPoint Capital Management LP’s holdings, making the stock its 28th biggest position. ExodusPoint Capital Management LP owned 0.27% of Ball worth $38,326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new stake in Ball during the 4th quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new stake in Ball during the 4th quarter worth approximately $26,000. Triumph Capital Management bought a new stake in Ball during the 3rd quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Ball during the 4th quarter worth approximately $29,000. Finally, Harbour Investments Inc. increased its holdings in 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 during the period. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

BALL has been the topic of a number of research analyst reports. Raymond James Financial set a $73.00 price target on shares of Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Citigroup decreased their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Wells Fargo & Company increased their price target on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Monday, May 18th. Finally, Truist Financial increased their price target on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and an average target price of $69.54.

Ball Price Performance

Shares of Ball stock opened at $58.17 on Wednesday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01. The company has a fifty day moving average of $58.32 and a 200-day moving average of $58.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s dividend payout ratio is 23.12%.

Ball 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.