Intech Investment Management LLC Decreases Position in Ball Corporation $BALL

Intech Investment Management LLC lessened its stake in Ball Corporation (NYSE:BALL) by 84.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,218 shares of the company’s stock after selling 270,744 shares during the period. Intech Investment Management LLC’s holdings in Ball were worth $2,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in Ball during the 2nd quarter valued at approximately $46,000. SJS Investment Consulting Inc. raised its stake in Ball by 4,236.8% during 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 during the last quarter. CYBER HORNET ETFs LLC bought a new position in Ball in the 2nd quarter worth about $47,000. Hantz Financial Services Inc. lifted its stake in shares of 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 buying an additional 966 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Ball in the 2nd quarter valued at approximately $79,000. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Down 1.8%

BALL opened at $65.25 on Wednesday. The company has a market capitalization of $17.36 billion, a P/E ratio of 19.65, a PEG ratio of 1.32 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 1.29. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.29. The stock’s fifty day moving average is $59.77 and its two-hundred day moving average is $53.17.

Ball (NYSE:BALL) last released its quarterly earnings data 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 18.12%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm’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. Analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s payout ratio is presently 24.10%.

Insider Buying and Selling

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BALL. Citigroup upped their target price on shares of Ball from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wells Fargo & Company lifted their price target on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Robert W. Baird set a $75.00 price objective on Ball in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Finally, Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock 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.