29,059 Shares in Ball Corporation $BALL Bought by AlphaQuest LLC

AlphaQuest LLC bought a new stake in Ball Corporation (NYSE:BALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,059 shares of the company’s stock, valued at approximately $1,465,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares in the last quarter. AQR Capital Management LLC raised its position in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after acquiring an additional 67,289 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after purchasing an additional 590 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Ball during the 2nd quarter worth approximately $453,000. Finally, Farther Finance Advisors LLC raised its position in shares of Ball by 22.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,803 shares of the company’s stock worth $101,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BALL shares. Citigroup raised Ball from a “neutral” rating to a “buy” rating and raised their price target for the stock from $54.00 to $67.00 in a research report on Tuesday, January 6th. Truist Financial lifted their price objective on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Raymond James Financial initiated coverage on shares of Ball in a report on Wednesday, October 15th. They issued a “market perform” rating on the stock. Morgan Stanley set a $63.00 price target on shares of Ball and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, UBS Group boosted their price objective on shares of Ball from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

Ball Trading Up 0.4%

Shares of BALL stock opened at $56.77 on Friday. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $60.28. The firm’s 50-day simple moving average is $52.72 and its 200-day simple moving average is $51.77. The firm has a market cap of $15.21 billion, a P/E ratio of 23.08, a PEG ratio of 1.12 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. Ball’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is presently 32.52%.

About Ball

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.