Nykredit A S Invests $4.37 Million in Ball Corporation $BALL

Key Points

• Nykredit A/S acquired 70,058 Ball shares worth approximately $4.37 million in the second quarter, joining other institutional investors; hedge funds and institutions now own 86.51% of the company.
• Ball reported quarterly EPS of $1.03, beating estimates of $0.99, while revenue reached $4 billion and increased 19.7% year over year. The company also maintains a $0.20 quarterly dividend, equating to a 1.3% yield.
• Analysts hold a “Moderate Buy” consensus on BALL, with an average price target of $71.69 versus the stock’s reported $59.95 price.

Nykredit A S bought a new position in shares of Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,058 shares of the company's stock, valued at approximately $4,372,000.

Other large investors have also recently bought and sold shares of the company. AMG National Trust Bank purchased a new position in shares of Ball during the 2nd quarter valued at approximately $76,377,000. Public Employees Retirement System of Ohio lifted its holdings in Ball by 16.1% during the first quarter. Public Employees Retirement System of Ohio now owns 163,194 shares of the company's stock valued at $9,646,000 after purchasing an additional 22,617 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Ball during the second quarter valued at $96,380,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Ball in the second quarter valued at about $11,772,000. Finally, Bank of America Corp DE acquired a new stake in shares of Ball in the second quarter valued at about $160,506,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Trading Up 0.4%

Shares of BALL stock opened at $59.95 on Wednesday. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The firm has a market cap of $15.87 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a 50-day moving average of $62.63 and a two-hundred day moving average of $60.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts predict that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

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

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the company'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 sale, the senior vice president owned 7,209 shares of the company's stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company's stock.

Analyst Ratings Changes

BALL has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. UBS Group increased their target price on Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Bank of America raised their target price on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Wells Fargo & Company increased their price objective on Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their price objective on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ball has a consensus rating of "Moderate Buy" and an average target price of $71.69.

About Ball

Ball Corporation NYSE: BALL is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.

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