Ball Corporation $BALL Stock Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management more than doubled its Ball holdings in the third quarter, purchasing 32,810 additional shares for a total position of 62,023 shares valued at approximately $3.48 million.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 86.51% of Ball’s outstanding stock. BlackRock, Deutsche Bank, Bank of America, Bank of New York Mellon and HSBC were among other major recent buyers.
• Ball reported quarterly results above expectations, with EPS of $1.03 and revenue of $4 billion, while analysts maintained a “Moderate Buy” consensus and an average price target of $71. The company also pays a quarterly dividend of $0.20 per share.

Yousif Capital Management LLC boosted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 112.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,023 shares of the company's stock after purchasing an additional 32,810 shares during the quarter. Yousif Capital Management LLC's holdings in Ball were worth $3,475,000 at the end of the most recent reporting period.

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

Ball Stock Performance

NYSE BALL opened at $64.43 on Tuesday. The company has a market cap of $17.05 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. The stock's 50 day simple moving average is $60.89 and its 200-day simple moving average is $60.60. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. 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 (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The business's revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts anticipate that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid 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 payout ratio is 22.66%.

Analyst Ratings Changes

Several brokerages recently commented on BALL. UBS Group cut their price target 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. JPMorgan Chase & Co. raised shares of Ball from a "neutral" rating to an "overweight" rating and set a $65.00 price objective on the stock in a report on Friday, September 18th. Mizuho set a $72.00 target price on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Ball from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Finally, Truist Financial set a $78.00 target price on shares of Ball in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $71.00.

Insider Transactions at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares of the company's stock, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.

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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