Insider Selling: Ball (NYSE:BALL) SVP Sells $710,275.80 in Stock

Ball Corporation (NYSE:BALL) SVP Kathleen Pitre sold 10,660 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the transaction, the senior vice president owned 36,772 shares in the company, valued at $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ball Stock Down 0.6%

Shares of NYSE BALL opened at $64.78 on Thursday. The company has a market capitalization of $17.24 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. The company has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $53.25. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.20 per share. The ex-dividend date 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 currently 24.10%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup upped their target price on shares of Ball from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Jefferies Financial Group boosted their price target on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.46.

Hedge Funds Weigh In On Ball

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BALL. GoalVest Advisory LLC purchased a new stake in shares of Ball during the fourth quarter worth $25,000. Board of the Pension Protection Fund purchased a new position in Ball in the fourth quarter valued at $26,000. Triumph Capital Management acquired a new position in Ball during the 3rd quarter worth $26,000. Gilpin Wealth Management LLC purchased a new stake in Ball during the 4th quarter worth about $29,000. Finally, Harbour Investments Inc. increased its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.