Mandy Glew Sells 5,626 Shares of Ball (NYSE:BALL) Stock

Ball Corporation (NYSE:BALL) SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ball Trading Down 1.0%

Shares of NYSE BALL opened at $63.43 on Friday. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week 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 company has a market cap of $16.79 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.23 and a beta of 0.98. The business’s 50 day moving average price is $62.59 and its 200-day moving average price is $61.19.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business earned $0.90 EPS. Ball’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts expect that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is presently 22.66%.

Institutional Investors Weigh In On Ball

Several institutional investors have recently added to or reduced their stakes in BALL. California State Teachers Retirement System lifted its stake in shares of Ball by 9,817.1% during the second quarter. California State Teachers Retirement System now owns 29,655,974 shares of the company’s stock worth $1,850,533,000 after buying an additional 29,356,935 shares during the period. BlackRock Inc. acquired a new position in shares of Ball in the 2nd quarter valued at $1,310,991,000. Norges Bank acquired a new position in shares of Ball in the 4th quarter valued at $178,025,000. Deutsche Bank AG purchased a new position in Ball in the 2nd quarter worth $163,768,000. Finally, Bank of America Corp DE purchased a new position in Ball in the 2nd quarter worth $160,506,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BALL shares. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. UBS Group boosted their price target on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Bank of America upped their price objective on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Mizuho set a $72.00 target price on Ball in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average target price of $71.69.

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.