Entropy Technologies LP Grows Position in Ball Corporation $BALL

Entropy Technologies LP grew its stake in Ball Corporation (NYSE:BALL) by 42.4% during the 4th quarter, HoldingsChannel reports. The firm owned 69,764 shares of the company’s stock after buying an additional 20,776 shares during the quarter. Entropy Technologies LP’s holdings in Ball were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BALL. Norges Bank acquired a new position in shares of Ball during the 4th quarter worth approximately $178,025,000. Dimensional Fund Advisors LP raised its stake in shares of Ball by 47.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after buying an additional 1,830,434 shares during the period. M&G PLC raised its stake in shares of Ball by 242.9% during the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after buying an additional 1,648,303 shares during the period. AQR Capital Management LLC raised its stake in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after buying an additional 1,230,791 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Ball by 58.5% during the 4th quarter. Deutsche Bank AG now owns 2,570,056 shares of the company’s stock worth $136,136,000 after buying an additional 948,473 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Down 0.1%

NYSE BALL opened at $56.93 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The business has a fifty day moving average price of $58.41 and a 200 day moving average price of $57.97. The company has a market cap of $15.16 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.11 and a beta of 1.01. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BALL shares. Citigroup reduced their target price on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research note on Friday, April 17th. 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. Finally, Truist Financial increased their price objective on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball 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.