Sciencast Management LP Takes $3.82 Million Position in Ball Corporation $BALL

Key Points

• Sciencast Management acquired 61,278 shares of Ball Corporation in the second quarter, valued at approximately $3.82 million. Institutional investors and hedge funds collectively own 86.51% of the company.
• Analyst sentiment remains positive overall, with eight Buy ratings, four Holds and one Sell; Ball has a consensus “Moderate Buy” rating and an average price target of $71.69.
• Ball exceeded quarterly expectations, reporting $1.03 in adjusted EPS and $4 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 1.3% annualized yield.

Sciencast Management LP bought a new position in Ball Corporation (NYSE:BALL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,278 shares of the company's stock, valued at approximately $3,824,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC raised its stake in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after purchasing an additional 274 shares during the period. Triumph Capital Management acquired a new stake in shares of Ball during the 3rd quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Ball during the 4th quarter worth $29,000. Harbour Investments Inc. increased its holdings in shares of Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company's stock worth $38,000 after buying an additional 222 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Ball in the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of research reports. UBS Group raised their target price on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company upped their price objective on shares of Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.69.

Ball Price Performance

BALL stock opened at $61.91 on Friday. The stock's 50 day moving average is $61.17 and its two-hundred day moving average is $60.98. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a market capitalization of $16.39 billion, a PE ratio of 17.54, a P/E/G ratio of 1.19 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same period in the prior year, the business posted $0.90 EPS. The business's revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts predict that Ball Corporation will post 4.02 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball's dividend payout ratio is currently 22.66%.

About Ball

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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