Intech Investment Management LLC Sells 22,024 Shares of Ball Corporation $BALL

Intech Investment Management LLC lessened its holdings in Ball Corporation (NYSE:BALL) by 45.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,194 shares of the company’s stock after selling 22,024 shares during the period. Intech Investment Management LLC’s holdings in Ball were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after purchasing an additional 97,264 shares during the last quarter. Cibc World Market Inc. purchased a new position in Ball during the third quarter worth about $5,570,000. Independent Advisor Alliance boosted its holdings in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP purchased a new position in Ball during the fourth quarter worth about $26,485,000. Finally, AIA Group Ltd purchased a new position in Ball during the third quarter worth about $618,000. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on BALL shares. Truist Financial boosted 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. Citigroup cut 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. UBS Group dropped their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Up 0.4%

BALL opened at $52.93 on Friday. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.03 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $58.84 and its two-hundred day moving average price is $57.67. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

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

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

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.