Ball Corporation $BALL Stake Boosted by RWC Asset Management LLP

RWC Asset Management LLP lifted its holdings in shares of Ball Corporation (NYSE:BALL) by 709.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 64,310 shares of the company’s stock after purchasing an additional 56,366 shares during the period. RWC Asset Management LLP’s holdings in Ball were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Manchester Capital Management LLC grew its holdings in Ball by 87.9% during the third quarter. Manchester Capital Management LLC now owns 592 shares of the company’s stock worth $33,000 after acquiring an additional 277 shares during the period. Farmers & Merchants Investments Inc. raised its position in Ball by 43.6% in the third quarter. Farmers & Merchants Investments Inc. now owns 784 shares of the company’s stock worth $44,000 after acquiring an additional 238 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Ball by 843.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 35,454 shares of the company’s stock valued at $1,986,000 after acquiring an additional 31,696 shares during the period. Sterling Capital Management LLC lifted its holdings in Ball by 665.0% in the third quarter. Sterling Capital Management LLC now owns 67,680 shares of the company’s stock valued at $3,792,000 after acquiring an additional 58,833 shares during the period. Finally, Denver PWM LLC purchased a new stake in shares of Ball during the 3rd quarter worth $749,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Mizuho set a $72.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada decreased their price objective on shares of Ball from $77.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Bank of America upped their target price on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $65.00 target price for the company in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Ball Price Performance

Ball stock traded down $1.05 during trading hours on Friday, hitting $64.76. The stock had a trading volume of 1,806,600 shares, compared to its average volume of 2,337,870. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.32 and a beta of 0.96. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The stock’s fifty day moving average is $60.91 and its two-hundred day moving average is $60.41.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts predict that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is 22.66%.

Ball Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.