Norris Perne & French LLP MI Buys 403,471 Shares of Ball Corporation $BALL

Key Points

• Norris Perne & French LLP MI increased its Ball stake by 84.9% in the third quarter, purchasing 403,471 additional shares for a total of 878,927 shares valued at approximately $49.2 million.
• Ball reported quarterly EPS of $1.03, beating estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. The company also maintained a quarterly dividend of $0.20 per share, equivalent to a 1.2% annual yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $71, although some firms recently lowered their ratings or price targets. Institutional investors collectively own 86.51% of Ball’s shares.

Norris Perne & French LLP MI lifted its stake in Ball Corporation (NYSE:BALL - Free Report) by 84.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 878,927 shares of the company's stock after purchasing an additional 403,471 shares during the quarter. Ball comprises about 2.2% of Norris Perne & French LLP MI's holdings, making the stock its 10th largest holding. Norris Perne & French LLP MI owned 0.33% of Ball worth $49,246,000 as of its most recent filing with the SEC.

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

Ball Trading Down 1.6%

BALL opened at $64.76 on Friday. The firm has a market cap of $17.14 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.30 and a beta of 0.96. 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 business has a fifty day simple moving average of $60.91 and a 200-day simple moving average of $60.41. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29.

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 net margin of 6.61% and a return on equity of 18.76%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The business'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, equities analysts expect that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball's dividend payout ratio (DPR) is 22.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup cut shares of Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. UBS Group cut their price objective on shares of Ball from $66.00 to $63.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada reduced their target price on shares of Ball from $77.00 to $73.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of Ball from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.00.

Insider Transactions at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction 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. The trade was a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.58% of the company's stock.

About Ball

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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