T. Rowe Price Investment Management Inc. Buys 266,238 Shares of Ball Corporation $BALL

by · The Cerbat Gem

T. Rowe Price Investment Management Inc. grew its stake in shares of Ball Corporation (NYSE:BALL – Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,225,631 shares of the company’s stock after buying an additional 266,238 shares during the period. T. Rowe Price Investment Management Inc. owned 2.70% of Ball worth $382,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in shares of Ball in the fourth quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball during the 4th quarter valued at $26,000. Triumph Capital Management purchased a new position in shares of Ball during the 3rd quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Ball during the 4th quarter valued at $29,000. Finally, Harbour Investments Inc. boosted its holdings in Ball by 44.1% in 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 period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Ball stock opened at $57.79 on Friday. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.13 and a beta of 1.01. The firm’s fifty day moving average is $58.25 and its 200 day moving average is $58.21. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. 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 released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business earned $0.76 earnings per share. Ball’s quarterly revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is currently 23.12%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BALL shares. Deutsche Bank Aktiengesellschaft assumed coverage on Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. UBS Group lowered their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Truist Financial increased their price objective on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research report on Monday, May 18th. Finally, Wells Fargo & Company lifted their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

View Our Latest Stock Analysis on Ball

Ball Profile

(Free Report)

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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