Ball Corporation $BALL Stock Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in shares of Ball Corporation (NYSE:BALL) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 839,732 shares of the company’s stock after selling 31,072 shares during the period. Boston Trust Walden Corp’s holdings in Ball were worth $47,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. North Dakota State Investment Board increased its holdings in Ball by 2.2% in the 3rd quarter. North Dakota State Investment Board now owns 8,149 shares of the company’s stock worth $457,000 after acquiring an additional 178 shares in the last quarter. Leonteq Securities AG raised its stake in Ball by 3.6% during the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock worth $338,000 after acquiring an additional 188 shares during the period. Andrew Hill Investment Advisors Inc. lifted its holdings in Ball by 2.3% during the third quarter. Andrew Hill Investment Advisors Inc. now owns 8,719 shares of the company’s stock valued at $489,000 after purchasing an additional 195 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Ball by 29.8% during the second quarter. Parkside Financial Bank & Trust now owns 863 shares of the company’s stock valued at $54,000 after purchasing an additional 198 shares in the last quarter. Finally, Parvin Asset Management LLC lifted its holdings in Ball by 19.5% during the first quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock valued at $78,000 after purchasing an additional 215 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on BALL. Citigroup lowered shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on shares of Ball from $63.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America lifted their target price on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company lowered their target price on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $76.00 target price (down from $78.00) on shares of Ball in a report on Wednesday. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.46.

Insider Buying and Selling at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction 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 directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Ball Trading Up 6.7%

BALL stock opened at $67.42 on Thursday. Ball Corporation has a 1-year low of $46.06 and a 1-year high of $68.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.66. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.29 and a beta of 0.94. The business has a 50 day simple moving average of $61.27 and a two-hundred day simple moving average of $61.01.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Ball had a net margin of 3.52% and a return on equity of 18.81%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. Research analysts anticipate that Ball Corporation will post 3.93 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio is currently 22.66%.

Key Headlines Impacting Ball

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Ball reported third-quarter comparable earnings of $1.10 per share, ahead of estimates, and revenue of $4.19 billion—up 23.9% year over year and well above consensus. Higher shipment volumes and favorable price/mix helped drive growth. Zacks Q3 earnings article
• Positive Sentiment: Mizuho raised its price target from $72 to $75 and kept an “outperform” rating, signaling continued confidence in potential upside. Mizuho ratings
• Neutral Sentiment: Truist reaffirmed its “buy” rating but lowered its target to $76 from $78. UBS raised its target to $68 from $63 but maintained a “neutral” rating, indicating limited upside at that estimate. Truist ratings UBS ratings
• Negative Sentiment: JPMorgan downgraded Ball from “overweight” to “neutral” and set a $65 target, below the referenced share price. Reports also flag cost pressures and shrinking operating margins; Ball posted a GAAP loss per share for the quarter despite higher comparable earnings. JPMorgan ratings Ball third-quarter results

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.