Engineers Gate Manager LP Acquires 38,896 Shares of Ball Corporation $BALL

Engineers Gate Manager LP raised its holdings in shares of Ball Corporation (NYSE:BALL) by 90.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,799 shares of the company’s stock after acquiring an additional 38,896 shares during the quarter. Engineers Gate Manager LP’s holdings in Ball were worth $5,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BALL. Brighton Jones LLC lifted its holdings in Ball by 41.2% during 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after purchasing an additional 590 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Ball during the 2nd quarter valued at $453,000. Finally, Jump Financial LLC bought a new stake in shares of Ball during the 2nd quarter valued at $696,000. Institutional investors own 86.51% of the company’s stock.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

Ball Trading Up 0.4%

BALL stock opened at $60.00 on Friday. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a market cap of $15.88 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The firm has a fifty day moving average price of $62.76 and a 200 day moving average price of $60.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company earned $0.90 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Company Profile

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.