Canada Pension Plan Investment Board Takes Position in Ball Corporation $BALL

Key Points

• Canada Pension Plan Investment Board acquired 312,870 Ball shares worth approximately $19.5 million, joining several other institutions that established positions during the second quarter. Institutional investors now own 86.51% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings, four Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $71.69 versus the reported $63.69 share price.
• Ball exceeded quarterly expectations with $1.03 in adjusted EPS and $4 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, equivalent to a 1.3% yield.

Canada Pension Plan Investment Board acquired a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 312,870 shares of the company's stock, valued at approximately $19,523,000. Canada Pension Plan Investment Board owned about 0.12% of Ball at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BALL. Legal & General Group Plc purchased a new position in Ball in the 2nd quarter worth about $86,995,000. The Manufacturers Life Insurance Company bought a new position in Ball during the 2nd quarter valued at about $8,347,000. Sone Capital Management LLC purchased a new stake in shares of Ball during the 2nd quarter valued at about $18,436,000. Manning & Napier Advisors LLC purchased a new stake in shares of Ball during the 2nd quarter valued at about $467,000. Finally, Cibc World Market Inc. bought a new stake in shares of Ball in the second quarter worth approximately $1,130,000. 86.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ball

In other 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 transaction of $358,938.80. Following the transaction, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Bank of America increased their price target on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Price Performance

Shares of NYSE:BALL opened at $63.69 on Friday. The firm's 50 day moving average price is $62.71 and its 200-day moving average price is $61.21. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.86 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

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

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball's dividend payout ratio (DPR) is presently 22.66%.

Ball Company 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.

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