Jupiter Topco LLC Invests $48.47 Million in Ball Corporation $BALL

Jupiter Topco LLC bought a new stake in shares of Ball Corporation (NYSE:BALL) during the second quarter, Holdings Channel.com reports. The fund bought 776,674 shares of the company’s stock, valued at approximately $48,466,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC boosted its position in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares in the last quarter. Empowered Funds LLC grew its holdings in Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after purchasing an additional 590 shares during the period. Sivia Capital Partners LLC acquired a new stake in Ball in the second quarter valued at approximately $453,000. Finally, Jump Financial LLC purchased a new stake in shares of Ball in the second quarter valued at approximately $696,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Activity at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BALL shares. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Wells Fargo & Company increased their price objective on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Truist Financial set a $78.00 target price on shares of Ball in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Performance

NYSE BALL opened at $63.43 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $62.59 and its 200-day simple moving average is $61.19. The company has a market cap of $16.79 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’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. As a group, equities research analysts anticipate that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is presently 22.66%.

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.