Truist Financial Corp Sells 28,695 Shares of Ball Corporation $BALL

Truist Financial Corp trimmed its stake in shares of Ball Corporation (NYSE:BALL) by 31.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,566 shares of the company’s stock after selling 28,695 shares during the quarter. Truist Financial Corp’s holdings in Ball were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton boosted its stake in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after buying an additional 306 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Ball in the 2nd quarter valued at $46,000. SJS Investment Consulting Inc. boosted its stake in shares of Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Ball in the 2nd quarter worth about $47,000. Finally, IFP Advisors Inc increased its position in shares of Ball by 103.2% during the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after purchasing an additional 580 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird set a $75.00 price target on shares of Ball in a research report on Wednesday. Citigroup raised their target price on Ball from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Morgan Stanley set a $66.00 target price on shares of Ball in a research note on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Stock Up 2.3%

Shares of NYSE BALL opened at $66.29 on Friday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $66.97. The firm’s 50-day moving average is $53.76 and its 200-day moving average is $51.93. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $17.76 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Ball’s revenue was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio is 24.10%.

Ball Company Profile

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.