Ball Corporation (NYSE:BALL - Get Free Report) SVP Kathleen Pitre sold 10,660 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the transaction, the senior vice president directly owned 36,772 shares of the company's stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ball Price Performance
BALL opened at $66.47 on Tuesday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29. The company's 50 day simple moving average is $59.51 and its 200 day simple moving average is $53.09. The stock has a market capitalization of $17.69 billion, a PE ratio of 20.02, a P/E/G ratio of 1.34 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.
Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. Ball's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts expect that Ball Corporation will post 3.48 EPS for the current year.
Ball Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball's dividend payout ratio (DPR) is presently 24.10%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in 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 during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ball by 402.8% during the 1st 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 during the last quarter. Empowered Funds LLC grew its position in shares of Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company's stock worth $321,000 after buying an additional 590 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Ball in the second quarter worth $453,000. Finally, Bessemer Group Inc. raised its holdings in Ball by 133.1% in the second quarter. Bessemer Group Inc. now owns 7,134 shares of the company's stock valued at $400,000 after acquiring an additional 4,074 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on BALL. Mizuho raised their price objective on Ball from $58.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ball in a research report on Wednesday, February 4th. Jefferies Financial Group raised their price target on shares of Ball from $64.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Ball from $50.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Finally, UBS Group reissued a "neutral" rating and issued a $66.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ball has an average rating of "Moderate Buy" and an average target price of $68.46.
Read Our Latest Research Report on BALL
About Ball
(
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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.
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