Nisa Investment Advisors LLC Purchases 40,798 Shares of Ball Corporation $BALL

Key Points

• Nisa Investment Advisors increased its Ball position by 43.8% in the third quarter, purchasing 40,798 shares and bringing its holdings to 133,878 shares worth approximately $7.5 million. Institutional investors collectively own 86.51% of Ball.
• Ball reported quarterly revenue of $4 billion and adjusted earnings of $1.03 per share, surpassing analyst expectations; revenue rose 19.7% year over year. The company also pays a $0.20 quarterly dividend, yielding about 1.2%.
• Analyst sentiment remains positive overall, with ten Buy ratings, two Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $71 versus the stock’s reported $65.78 opening price.

Nisa Investment Advisors LLC increased its position in Ball Corporation (NYSE:BALL - Free Report) by 43.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,878 shares of the company's stock after purchasing an additional 40,798 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of Ball worth $7,501,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in Ball by 0.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,130,473 shares of the company's stock valued at $123,135,000 after acquiring an additional 10,015 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of Ball by 539.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 42,226 shares of the company's stock valued at $2,366,000 after acquiring an additional 35,619 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ball by 122.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,294 shares of the company's stock worth $4,611,000 after buying an additional 45,259 shares during the last quarter. IFP Advisors Inc raised its stake in Ball by 3,687.6% in the 3rd quarter. IFP Advisors Inc now owns 72,760 shares of the company's stock valued at $4,077,000 after acquiring an additional 70,839 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in shares of Ball by 362,560.0% in the third quarter. TD Waterhouse Canada Inc. now owns 36,266 shares of the company's stock valued at $2,032,000 after purchasing an additional 36,256 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Insider Transactions at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president directly 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 at this link. Insiders own 0.58% of the company's stock.

Ball Stock Up 2.5%

Shares of BALL opened at $65.78 on Friday. 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. The stock has a 50 day simple moving average of $60.85 and a two-hundred day simple moving average of $60.38. The firm has a market cap of $17.41 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.29 and a beta of 0.96.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $3.69 billion. During the same period last year, the firm earned $0.90 earnings per share. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts forecast that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball's payout ratio is presently 22.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Bank of America boosted their price objective on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. UBS Group reduced their target price on 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. upgraded Ball from a "neutral" rating to an "overweight" rating and set a $65.00 price target on the stock in a research report on Friday, September 18th. Finally, Mizuho set a $72.00 price target on shares of Ball in a report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Ball presently has an average rating of "Moderate Buy" and a consensus price target 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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