19,024 Shares of Ball Corporation $BALL Purchased by NFSG Corp

Key Points

• NFSG Corp. purchased 19,024 shares of Ball Corporation during the third quarter, valued at approximately $1.07 million. Institutional investors collectively own 86.51% of Ball’s outstanding stock.
• Wall Street analysts maintain a “Moderate Buy” consensus, with an average price target of $71.15; ten analysts rate the stock a Buy, two a Hold, and one a Sell.
• Ball reported quarterly earnings of $1.03 per share, exceeding estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. The company also pays a quarterly dividend of $0.20 per share, equivalent to a 1.3% annual yield.

NFSG Corp bought a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,024 shares of the company's stock, valued at approximately $1,066,000.

A number of other institutional investors have also recently made changes to their positions in the business. Leonteq Securities AG increased its stake in Ball by 3.6% during the second quarter. Leonteq Securities AG now owns 5,415 shares of the company's stock worth $338,000 after acquiring an additional 188 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Ball by 29.8% during the second quarter. Parkside Financial Bank & Trust now owns 863 shares of the company's stock valued at $54,000 after purchasing an additional 198 shares during the period. Parvin Asset Management LLC lifted its stake in shares of Ball by 19.5% in the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company's stock valued at $78,000 after purchasing an additional 215 shares during the last quarter. Evelyn Partners Investment Management LLP lifted its stake in shares of Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company's stock valued at $127,000 after purchasing an additional 218 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of Ball by 7.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,690 shares of the company's stock valued at $230,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

BALL has been the subject of a number of recent research reports. Mizuho set a $72.00 target price on Ball in a report on Wednesday, August 5th. Wells Fargo & Company increased their price target on Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Ball from a "neutral" rating to an "overweight" rating and set a $65.00 price target on the stock in a report on Friday, September 18th. Bank of America raised their price target on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada dropped their price objective on shares of Ball from $77.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.15.

Ball Stock Performance

Shares of NYSE:BALL opened at $62.74 on Friday. The company has a market capitalization of $16.61 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.15 and a beta of 0.96. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The firm's 50-day moving average is $60.68 and its 200 day moving average is $60.21. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball's dividend payout ratio is currently 22.66%.

Insider Activity at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was 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. This represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company's stock.

Ball Profile

Ball Corporation NYSE: BALL is a global packaging company that develops and manufactures sustainable aluminum packaging products. Its portfolio primarily includes aluminum beverage cans and bottles, aerosol containers, and other specialty packaging used by beverage, personal care, household and food companies. Ball also produces aluminum cups and related packaging solutions designed to support recycling and reduce reliance on single-use plastic.

Founded in 1880 by the Ball brothers, the company originally became known for glass home-canning jars before expanding into metal packaging.

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