Picton Mahoney Asset Management Makes New Investment in Ball Corporation $BALL

Picton Mahoney Asset Management purchased a new stake in Ball Corporation (NYSE:BALL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,575 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds also recently made changes to their positions in the business. SJS Investment Consulting Inc. lifted its holdings 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 worth $42,000 after acquiring an additional 805 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Ball during the 2nd quarter valued at about $46,000. CYBER HORNET ETFs LLC bought a new stake in Ball in the second quarter valued at about $47,000. Hantz Financial Services Inc. increased its stake in Ball by 395.9% in the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock valued at $61,000 after acquiring an additional 966 shares during the period. Finally, True Wealth Design LLC raised its position in Ball by 17.6% in the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president owned 36,772 shares in the company, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Fauze Villatoro bought 1,551 shares of the stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $64.51 per share, with a total value of $100,055.01. Following the completion of the purchase, the senior vice president owned 13,778 shares of the company’s stock, valued at $888,818.78. This represents a 12.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.81% of the company’s stock.

Ball Trading Down 1.1%

Shares of BALL stock opened at $62.50 on Friday. The company has a market capitalization of $16.63 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.24 and a beta of 1.10. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $60.43 and a 200 day moving average price of $53.39.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given 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 1.3%. Ball’s dividend payout ratio is 24.10%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BALL shares. Citigroup raised their price target on shares of Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Jefferies Financial Group upped their price objective on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 target price on Ball in a report on Wednesday, February 4th. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Monday, November 17th. Finally, Wells Fargo & Company boosted their price target on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Company 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.