Ball Corporation $BALL Shares Acquired by Sterling Capital Management LLC

by · The Markets Daily

Sterling Capital Management LLC grew its stake in Ball Corporation (NYSE:BALL – Free Report) by 665.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,680 shares of the company’s stock after buying an additional 58,833 shares during the quarter. Sterling Capital Management LLC’s holdings in Ball were worth $3,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leonteq Securities AG lifted its position in shares of Ball by 3.6% during the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock valued at $338,000 after buying an additional 188 shares in the last quarter. Andrew Hill Investment Advisors Inc. grew its stake in shares of Ball by 2.3% during the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 8,719 shares of the company’s stock valued at $489,000 after acquiring an additional 195 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Ball by 29.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 863 shares of the company’s stock valued at $54,000 after acquiring an additional 198 shares during the period. Parvin Asset Management LLC increased its holdings in Ball by 19.5% in the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock worth $78,000 after acquiring an additional 215 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP increased its holdings in Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock worth $127,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $64.76 on Friday. 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 Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The business has a 50-day moving average price of $60.91 and a 200-day moving average price of $60.41. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96.

Ball (NYSE:BALL – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion for 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 firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts predict that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.20 dividend. 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 is presently 22.66%.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BALL. Weiss Ratings upgraded shares of Ball from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Royal Bank Of Canada dropped their price target on shares of Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Friday, September 18th. Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Finally, Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Check Out Our Latest Stock Analysis on BALL

Ball Company Profile

(Free Report)

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.

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