58,833 Ball Corporation $BALL Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in shares of Ball Corporation (NYSE:BALL) by 665.0% in the third quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in shares of Ball in the third quarter worth about $749,000. Yousif Capital Management LLC grew its holdings in Ball by 112.3% during the 3rd quarter. Yousif Capital Management LLC now owns 62,023 shares of the company’s stock valued at $3,475,000 after buying an additional 32,810 shares in the last quarter. Andrew Hill Investment Advisors Inc. grew its holdings in 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 buying an additional 195 shares in the last quarter. MBL Wealth LLC purchased a new position in Ball during the 3rd quarter valued at approximately $514,000. Finally, Sepio Capital LP grew its holdings in Ball by 24.9% during the 3rd quarter. Sepio Capital LP now owns 9,227 shares of the company’s stock valued at $517,000 after buying an additional 1,838 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Down 1.6%

NYSE:BALL opened at $64.76 on Friday. The company 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 Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $60.91 and a 200-day simple moving average of $60.41.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball’s payout ratio is 22.66%.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value 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. The trade was a 43.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of research reports. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Ball from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. UBS Group cut their target price on shares of Ball from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, Wells Fargo & Company reduced their price target on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Ball Company 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.