Heartland Advisors Inc. Sells 51,017 Shares of Ball Corporation $BALL

Heartland Advisors Inc. cut its holdings in Ball Corporation (NYSE:BALL) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,478 shares of the company’s stock after selling 51,017 shares during the period. Heartland Advisors Inc. owned about 0.08% of Ball worth $10,965,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BALL. SJS Investment Consulting Inc. increased its position in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Ball during the second quarter valued at about $46,000. CYBER HORNET ETFs LLC purchased a new stake in Ball during the second quarter worth about $47,000. Hantz Financial Services Inc. raised its position in Ball by 395.9% in the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after acquiring an additional 966 shares during the period. Finally, IFP Advisors Inc boosted its stake in Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after acquiring an additional 580 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a report on Wednesday, February 4th. Mizuho increased their price target on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on Ball from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $75.00 price target on shares of Ball 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.46.

Ball Stock Up 0.9%

Shares of NYSE:BALL opened at $67.30 on Tuesday. The firm has a fifty day moving average price of $56.35 and a two-hundred day moving average price of $52.25. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.34 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. Ball Corporation has a one year low of $43.51 and a one year high of $68.29.

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

Ball Announces Dividend

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

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.