Intech Investment Management LLC Sells 22,024 Shares of Ball Corporation $BALL

Intech Investment Management LLC decreased its stake in shares of Ball Corporation (NYSE:BALL) by 45.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,194 shares of the company’s stock after selling 22,024 shares during the period. Intech Investment Management LLC’s holdings in Ball were worth $1,387,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BALL. Teacher Retirement System of Texas boosted its stake in Ball by 58.7% during the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after acquiring an additional 97,264 shares during the last quarter. Cibc World Market Inc. bought a new position in Ball during the 3rd quarter valued at $5,570,000. Independent Advisor Alliance boosted its stake in Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after acquiring an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP bought a new position in Ball during the 4th quarter valued at $26,485,000. Finally, AIA Group Ltd bought a new position in Ball during the 3rd quarter valued at $618,000. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Monday, May 18th. Truist Financial lifted their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Citigroup decreased their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

Ball Price Performance

Shares of Ball stock opened at $52.93 on Friday. The firm has a fifty day simple moving average of $58.84 and a 200-day simple moving average of $57.67. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.03 and a beta of 1.01.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts expect that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

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.