Key Points
- Ball SVP Mandy Glew sold 5,626 shares at an average price of $63.80, generating $358,938.80 and reducing her holdings by 43.83% to 7,209 shares.
- Ball reported quarterly EPS of $1.03, beating estimates by $0.04, while revenue reached $4 billion, up 19.7% year over year.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $71.69; the company also declared a quarterly dividend of $0.20 per share.
Ball Corporation (NYSE:BALL - Get Free Report) SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ball Trading Down 0.0%
Shares of NYSE:BALL opened at $64.06 on Thursday. The firm has a fifty day moving average of $62.48 and a two-hundred day moving average of $61.21. 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 12-month low of $44.83 and a 12-month high of $68.29. The firm has a market capitalization of $16.96 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98.
Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts expect that Ball Corporation will post 4.01 EPS for the current fiscal year.
Ball Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball's dividend payout ratio (DPR) is 22.66%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Truist Financial set a $78.00 target price on shares of Ball in a research report on Wednesday, August 5th. Bank of America upped their price target on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Citigroup downgraded Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company upped their target price on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.69.
Read Our Latest Report on BALL
Institutional Trading of Ball
A number of institutional investors and hedge funds have recently modified their holdings of BALL. Independent Advisor Alliance raised its holdings in Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company's stock valued at $1,889,000 after acquiring an additional 26,184 shares during the period. Mizuho Markets Cayman LP bought a new stake in shares of Ball during the fourth quarter worth approximately $26,485,000. International Assets Investment Management LLC acquired a new position in shares of Ball in the fourth quarter valued at approximately $4,349,000. Swiss Life Asset Management Ltd grew its position in shares of Ball by 70.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company's stock valued at $4,597,000 after purchasing an additional 35,749 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Ball by 63.0% during the fourth quarter. New York Life Investment Management LLC now owns 60,190 shares of the company's stock worth $3,188,000 after purchasing an additional 23,257 shares during the period. 86.51% of the stock is currently owned by institutional investors.
About Ball
(
Get Free Report)
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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