Entropy Technologies LP Raises Stock Holdings in Ball Corporation $BALL

Key Points

• Entropy Technologies LP increased its stake in Ball Corporation by 67.9% in the first quarter, adding 47,367 shares and bringing its total to 117,131 shares worth about $6.9 million.
• Several other institutional investors also raised their positions in Ball, and hedge funds and institutions now own 86.51% of the company’s shares.
• Analysts remain generally positive on Ball, with a Moderate Buy consensus and an average price target of $70.85; the stock recently traded up and Ball also reported stronger-than-expected quarterly earnings and revenue.

Entropy Technologies LP boosted its stake in Ball Corporation (NYSE:BALL - Free Report) by 67.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,131 shares of the company's stock after purchasing an additional 47,367 shares during the quarter. Entropy Technologies LP's holdings in Ball were worth $6,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company's stock worth $1,000,429,000 after acquiring an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company's stock worth $382,742,000 after buying an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock valued at $354,605,000 after acquiring an additional 340,677 shares in the last quarter. Boston Partners boosted its position in Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company's stock valued at $251,057,000 after acquiring an additional 922,747 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company's stock valued at $234,521,000 after purchasing an additional 602,137 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BALL. Truist Financial upped their price target on Ball from $75.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Bank of America boosted their price objective on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Wells Fargo & Company raised their price target on Ball from $70.00 to $71.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, UBS Group reduced their target price on shares of Ball from $66.00 to $64.00 and set a "neutral" rating for the company in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ball presently has a consensus rating of "Moderate Buy" and an average target price of $70.85.

Ball Trading Up 2.6%

Ball stock opened at $63.84 on Friday. 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 price is $58.74 and its 200-day moving average price is $60.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market cap of $17.00 billion, a P/E ratio of 18.45, a PEG ratio of 1.22 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts predict that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball's payout ratio is currently 23.12%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source