Yousif Capital Management LLC Decreases Stock Holdings in Ball Corporation $BALL

Yousif Capital Management LLC trimmed its stake in shares of Ball Corporation (NYSE:BALL) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,766 shares of the company’s stock after selling 2,416 shares during the period. Yousif Capital Management LLC’s holdings in Ball were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Ball during the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC increased its holdings in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new stake in Ball during the first quarter valued at approximately $39,000. IFP Advisors Inc increased its holdings in Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after buying an additional 580 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after buying an additional 377 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Performance

Shares of NYSE BALL opened at $48.39 on Friday. The firm has a fifty day moving average price of $50.58 and a 200-day moving average price of $52.66. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The stock has a market cap of $13.17 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $67.84.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s dividend payout ratio is 41.45%.

Insider Buying and Selling at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BALL shares. Raymond James Financial started coverage on shares of Ball in a report on Wednesday. They set a “market perform” rating for the company. Royal Bank Of Canada upped their target price on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Citigroup reduced their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Bank of America reaffirmed a “neutral” rating and set a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball has an average rating of “Hold” and a consensus target price of $62.36.

Ball Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.