59,000 Ball Corporation $BALL Shares Purchased by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund increased its Ball position by 362% in the third quarter, purchasing 59,000 additional shares and bringing its holdings to 75,300 shares valued at approximately $4.2 million.
• Institutional investors own 86.51% of Ball’s stock, while several major firms—including BlackRock, Deutsche Bank, Bank of America, and Bank of New York Mellon—recently established positions.
• Ball exceeded quarterly earnings expectations with $1.03 in EPS and $4 billion in revenue. Analysts maintain a “Moderate Buy” consensus, with an average price target of $71 versus the reported share price of $65.78.

Adams Natural Resources Fund Inc. lifted its position in Ball Corporation (NYSE:BALL - Free Report) by 362.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,300 shares of the company's stock after purchasing an additional 59,000 shares during the period. Adams Natural Resources Fund Inc.'s holdings in Ball were worth $4,219,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BALL. BlackRock Inc. purchased a new position in Ball during the 2nd quarter worth $1,310,991,000. Deutsche Bank AG bought a new stake in Ball during the 2nd quarter valued at $163,768,000. Bank of America Corp DE purchased a new stake in shares of Ball in the 2nd quarter worth $160,506,000. Bank of New York Mellon Corp purchased a new stake in shares of Ball in the 2nd quarter worth $143,165,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Ball in the 2nd quarter worth $96,380,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction dated Tuesday, August 25th. The stock was 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 in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.58% of the company's stock.

Ball Price Performance

NYSE BALL opened at $65.78 on Friday. The firm's fifty day simple moving average is $60.85 and its two-hundred day simple moving average is $60.38. The firm has a market capitalization of $17.41 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.29 and a beta of 0.96. 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 Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.20 per share. 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 dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several research analysts have issued reports on BALL shares. Wells Fargo & Company dropped their target price on shares of Ball from $72.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup lowered shares of Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Royal Bank Of Canada lowered their price target on shares of Ball from $77.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Mizuho set a $72.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.00.

Ball 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.

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