12,979 Shares in Ball Corporation $BALL Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in Ball Corporation (NYSE:BALL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,979 shares of the company’s stock, valued at approximately $688,000.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in shares of Ball by 58.7% in the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after buying an additional 97,264 shares during the period. Cibc World Market Inc. acquired a new position in shares of Ball in the 3rd quarter valued at $5,570,000. Rakuten Investment Management Inc. acquired a new position in shares of Ball in the 3rd quarter valued at $464,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ball in the 3rd quarter valued at $2,682,000. Finally, First Merchants Corp grew its holdings in shares of Ball by 125.9% in the 4th quarter. First Merchants Corp now owns 75,609 shares of the company’s stock valued at $4,005,000 after buying an additional 42,134 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Down 2.0%

Shares of NYSE:BALL opened at $56.44 on Thursday. The company’s 50-day moving average price is $60.93 and its two-hundred day moving average price is $56.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The stock has a market capitalization of $15.03 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. 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 report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Robert W. Baird set a $75.00 target price on shares of Ball in a research note on Wednesday, February 4th. UBS Group reduced their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Citigroup reduced their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Insider Activity

In other news, SVP Fauze Villatoro bought 1,551 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of $64.51 per share, with a total value of $100,055.01. Following the acquisition, the senior vice president owned 13,778 shares in the company, valued at $888,818.78. This trade represents a 12.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kathleen Pitre sold 10,660 shares of the company’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 sale, the senior vice president directly owned 36,772 shares in the company, valued at approximately $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.58% of the company’s stock.

About Ball

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.