Twin Tree Management LP Boosts Stock Holdings in Ball Corporation $BALL

Key Points

• Twin Tree Management LP significantly increased its stake in Ball Corporation, growing its position by 2,052.4% to a total of 107,618 shares valued at approximately $5.6 million.
• Insider trading revealed that Chairman Daniel William Fisher sold 3,400 shares of Ball stock, reducing his ownership by 25.31% in late August.
• Ball Corporation reported earnings per share (EPS) of $0.90 for the last quarter, surpassing estimates, while also announcing a quarterly dividend of $0.20 per share to be paid in mid-September.

Twin Tree Management LP boosted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 2,052.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,618 shares of the company's stock after acquiring an additional 102,618 shares during the period. Twin Tree Management LP's holdings in Ball were worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after acquiring an additional 1,531 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Ball in the 4th quarter valued at about $245,000. Freestone Grove Partners LP bought a new position in shares of Ball in the 4th quarter valued at about $275,000. Mercer Global Advisors Inc. ADV acquired a new stake in Ball in the 4th quarter valued at about $6,380,000. Finally, Meiji Yasuda Life Insurance Co acquired a new stake in Ball in the 4th quarter valued at about $211,000. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. UBS Group raised their target price on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Mizuho raised their target price on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Truist Financial increased their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Citigroup upped their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Six 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $65.27.

Ball Trading Up 0.5%

Shares of NYSE:BALL traded up $0.27 during trading on Thursday, reaching $50.42. The stock had a trading volume of 1,409,358 shares, compared to its average volume of 2,617,104. The firm's fifty day moving average is $55.90 and its 200 day moving average is $53.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.20 and a beta of 1.06.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company's quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Ball's payout ratio is presently 41.45%.

Insider Activity

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is owned by insiders.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.