Sone Capital Management LLC Makes New Investment in Ball Corporation $BALL

Sone Capital Management LLC purchased a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 295,441 shares of the company’s stock, valued at approximately $18,436,000.

Several other institutional investors have also modified their holdings of BALL. Triumph Capital Management purchased a new stake in shares of Ball during the third quarter worth $26,000. Basecamp Wealth Advisors LLC boosted its holdings in Ball by 135.0% in the first 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. Gilpin Wealth Management LLC acquired a new position in Ball during the 4th quarter worth $29,000. Trust Co. of Vermont acquired a new position in Ball during the 2nd quarter worth $37,000. 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. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Up 1.3%

Shares of NYSE BALL opened at $64.43 on Tuesday. The business has a 50-day moving average of $62.23 and a two-hundred day moving average of $61.23. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts forecast that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BALL. Royal Bank Of Canada increased their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Truist Financial set a $78.00 target price on shares of Ball in a research note on Wednesday, August 5th. Wells Fargo & Company raised their target price on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.69.

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.