OMERS ADMINISTRATION Corp Invests $3.16 Million in Ball Corporation $BALL

OMERS ADMINISTRATION Corp bought a new stake in shares of Ball Corporation (NYSE:BALL) in the second quarter, Holdings Channel.com reports. The fund bought 50,639 shares of the company’s stock, valued at approximately $3,160,000.

A number of other hedge funds have also recently made changes to their positions in BALL. BlackRock Inc. purchased a new position in Ball in the 2nd quarter worth about $1,310,991,000. Price T Rowe Associates Inc. MD boosted its position in Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after buying an additional 999,690 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after buying an additional 266,238 shares during the period. Dimensional Fund Advisors LP grew its stake in Ball by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after acquiring an additional 340,677 shares in the last quarter. Finally, Boston Partners grew its stake in Ball by 24.2% in the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after acquiring an additional 922,747 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BALL has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a research report on Wednesday, August 5th. Bank of America upped their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average price target of $71.69.

Ball Trading Down 0.4%

NYSE:BALL opened at $64.16 on Wednesday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The firm has a market cap of $16.98 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.24 and a beta of 0.98. The firm has a 50-day simple moving average of $62.35 and a 200-day simple moving average of $61.23.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share 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 firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts anticipate that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s dividend payout ratio is currently 22.66%.

About Ball

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.