Deprince Race & Zollo Inc. boosted its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 444,117 shares of the company's stock after acquiring an additional 59,037 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.17% of Ball worth $23,525,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in Ball during the 3rd quarter worth about $583,000. Rakuten Investment Management Inc. bought a new stake in Ball during the 3rd quarter worth about $464,000. Iridian Asset Management LLC CT grew its holdings in Ball by 73.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company's stock worth $2,351,000 after acquiring an additional 19,776 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Ball in the 3rd quarter valued at about $2,682,000. Finally, Cibc World Market Inc. bought a new position in shares of Ball in the 3rd quarter valued at about $5,570,000. Institutional investors own 86.51% of the company's stock.
Insider Activity at Ball
In other news, SVP Fauze Villatoro acquired 1,551 shares of Ball stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $64.51 per share, with a total value of $100,055.01. Following the purchase, the senior vice president directly owned 13,778 shares of the company's stock, valued at $888,818.78. The trade was a 12.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the transaction, the senior vice president directly owned 36,772 shares in the company, valued at $2,450,118.36. The trade was a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.58% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on BALL. Jefferies Financial Group raised their target price on shares of Ball from $64.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Wells Fargo & Company raised their target price on shares of Ball from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, February 4th. Morgan Stanley set a $66.00 target price on shares of Ball in a research note on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating and issued a $66.00 target price on shares of Ball in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ball from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ball has an average rating of "Moderate Buy" and an average target price of $69.00.
Get Our Latest Stock Analysis on BALL
Ball Stock Down 0.0%
Shares of NYSE BALL opened at $62.26 on Monday. The firm has a market capitalization of $16.57 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm's 50-day moving average is $63.00 and its 200-day moving average is $55.08.
Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm earned $0.84 EPS. Ball's quarterly revenue was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts expect that Ball Corporation will post 3.48 EPS for the current year.
Ball Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball's dividend payout ratio (DPR) is presently 24.10%.
About Ball
(
Free Report)
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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