Principal Financial Group Inc. Has $15.06 Million Stake in Ball Corporation $BALL

Principal Financial Group Inc. trimmed its stake in Ball Corporation (NYSE:BALL) by 2.8% during the third quarter, HoldingsChannel.com reports. The fund owned 298,705 shares of the company’s stock after selling 8,723 shares during the quarter. Principal Financial Group Inc.’s holdings in Ball were worth $15,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake in shares of Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Ball during the 2nd quarter valued at about $46,000. SJS Investment Consulting Inc. boosted its position in Ball by 4,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after buying an additional 805 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Ball in the second quarter valued at about $47,000. Finally, IFP Advisors Inc grew its stake in Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after buying an additional 580 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

Shares of BALL stock opened at $66.65 on Tuesday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $66.97. The stock has a 50-day moving average price of $54.47 and a 200 day moving average price of $51.94. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.32 and a beta of 1.13.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. Ball’s revenue for the quarter was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BALL. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Morgan Stanley set a $66.00 price objective on Ball in a research report on Wednesday, February 4th. Raymond James Financial assumed coverage on Ball in a report on Wednesday, October 15th. They issued a “market perform” rating for the company. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Monday, November 17th. Finally, Truist Financial raised their price objective on shares of Ball from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.46.

Ball 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.