London Co. of Virginia Trims Stock Holdings in Ball Corporation $BALL

London Co. of Virginia decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 9.1% during the first quarter, HoldingsChannel reports. The fund owned 2,277,942 shares of the company’s stock after selling 227,754 shares during the quarter. London Co. of Virginia’s holdings in Ball were worth $134,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BALL. Entropy Technologies LP lifted its holdings in Ball by 67.9% during the 1st quarter. Entropy Technologies LP now owns 117,131 shares of the company’s stock worth $6,924,000 after purchasing an additional 47,367 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Ball by 58.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 16,839 shares of the company’s stock valued at $995,000 after buying an additional 6,245 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Ball by 16.1% during the first quarter. Public Employees Retirement System of Ohio now owns 163,194 shares of the company’s stock valued at $9,646,000 after buying an additional 22,617 shares during the period. Sei Investments Co. lifted its holdings in shares of Ball by 47.5% in the first quarter. Sei Investments Co. now owns 92,652 shares of the company’s stock worth $5,476,000 after buying an additional 29,843 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in shares of Ball in the first quarter valued at approximately $265,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of NYSE:BALL opened at $63.84 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $58.74 and a 200-day moving average price of $60.11. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings results 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. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors 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 yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Wall Street Analysts Forecast Growth

BALL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price on the stock. Citigroup decreased their price target on shares of Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada lifted their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Bank of America boosted their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised 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. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Company 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.