State of Wyoming Purchases Shares of 10,988 Ball Corporation $BALL

State of Wyoming acquired a new position in shares of Ball Corporation (NYSE:BALL) in the second quarter, HoldingsChannel.com reports. The firm acquired 10,988 shares of the company’s stock, valued at approximately $686,000.

Other large investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Ball during the 2nd quarter worth about $427,000. Maridea Wealth Management LLC acquired a new position in Ball in the 2nd quarter valued at about $1,793,000. Beacon Bank & Trust bought a new position in Ball in the 2nd quarter valued at about $200,000. Laraway Financial Advisors Inc bought a new position in Ball in the 2nd quarter valued at about $220,000. Finally, HUB Investment Partners LLC lifted its position in Ball by 19.2% during the second quarter. HUB Investment Partners LLC now owns 4,911 shares of the company’s stock worth $306,000 after acquiring an additional 790 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BALL. Citigroup cut Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 price target on Ball in a report on Wednesday, August 5th. UBS Group boosted their price target on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price objective on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Performance

NYSE BALL opened at $61.85 on Monday. The firm has a 50-day moving average price of $61.35 and a two-hundred day moving average price of $61.01. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a market capitalization of $16.37 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.19 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts anticipate that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is 22.66%.

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.