Ball (NYSE:BALL) SVP Sells 5,626 Shares of Stock

Key Points

• Ball SVP Mandy Glew sold 5,626 shares at an average price of $63.80, generating approximately $358,939. The sale reduced her holdings by 43.83%, leaving her with 7,209 shares.
• Ball reported quarterly earnings of $1.03 per share, exceeding estimates of $0.99, while revenue rose 19.7% year over year to $4 billion.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $71.69 versus the stock’s reported price of $64.06. Ball also declared a quarterly dividend of $0.20 per share, implying a 1.2% yield.

Ball Corporation (NYSE:BALL - Get Free Report) SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction on 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 owned 7,209 shares of the company's stock, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ball Price Performance

Ball stock traded down $0.02 on Wednesday, reaching $64.06. The company's stock had a trading volume of 1,050,652 shares, compared to its average volume of 2,416,711. The business's fifty day moving average price is $62.48 and its 200 day moving average price is $61.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.24 and a beta of 0.98. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share 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 analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts expect that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

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

Hedge Funds Weigh In On Ball

Hedge funds and other institutional investors have recently bought and sold shares of the business. Basecamp Wealth Advisors LLC lifted its stake in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock valued at $28,000 after purchasing an additional 274 shares during the period. Ancora Advisors LLC bought a new position in shares of Ball in the 2nd quarter worth $30,000. Triumph Capital Management acquired a new stake in shares of Ball during the third quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Ball during the fourth quarter worth $29,000. Finally, Trust Co. of Vermont bought a new stake in Ball in the second quarter valued at about $37,000. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on BALL shares. Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Weiss Ratings upgraded Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Finally, Truist Financial set a $78.00 price target on Ball in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and an average target price of $71.69.

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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