Canada Pension Plan Investment Board Makes New Investment in Ball Corporation $BALL

Canada Pension Plan Investment Board acquired a new position in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 312,870 shares of the company’s stock, valued at approximately $19,523,000.

A number of other large investors have also recently made changes to their positions in BALL. BlackRock Inc. purchased a new stake in Ball in the 2nd quarter worth approximately $1,310,991,000. Norges Bank purchased a new position in Ball during the fourth quarter valued at approximately $178,025,000. Deutsche Bank AG purchased a new position in Ball during the second quarter valued at approximately $163,768,000. Bank of New York Mellon Corp bought a new position in shares of Ball in the second quarter worth approximately $143,165,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ball by 47.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after purchasing an additional 1,830,434 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BALL shares. Bank of America increased their price objective on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. UBS Group lifted their target price on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price target on Ball in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Trading Up 0.5%

BALL stock opened at $63.69 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The business has a 50 day simple moving average of $62.71 and a two-hundred day simple moving average of $61.21. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.22 and a beta of 0.98.

Ball (NYSE:BALL) last released its quarterly earnings data 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. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Insider Transactions at Ball

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

Ball Profile

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.