Engineers Gate Manager LP Boosts Stock Position in Ball Corporation $BALL

Engineers Gate Manager LP boosted its stake in shares of Ball Corporation (NYSE:BALL) by 90.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,799 shares of the company’s stock after buying an additional 38,896 shares during the period. Engineers Gate Manager LP’s holdings in Ball were worth $5,104,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Independent Advisor Alliance grew its position 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 purchasing an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP purchased a new position in Ball in the fourth quarter worth about $26,485,000. AMG National Trust Bank purchased a new position in Ball in the second quarter worth about $76,377,000. Public Employees Retirement System of Ohio lifted its stake in shares of Ball by 16.1% in the first quarter. Public Employees Retirement System of Ohio now owns 163,194 shares of the company’s stock worth $9,646,000 after buying an additional 22,617 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Ball in the second quarter worth approximately $11,772,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by company insiders.

Ball Stock Performance

Shares of NYSE BALL opened at $60.00 on Friday. The firm’s 50-day moving average price is $62.76 and its 200-day moving average price is $60.86. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a market cap of $15.88 billion, a PE ratio of 17.00, a PEG ratio of 1.15 and a beta of 0.95. 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 released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating 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 period in the previous year, the company earned $0.90 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Dividend Announcement

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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BALL shares. Truist Financial set a $78.00 price target on shares of Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Mizuho set a $72.00 target price on Ball in a report on Wednesday, August 5th. Finally, Citigroup cut Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

About Ball

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.