Man Group plc Invests $15.22 Million in Ball Corporation $BALL

Man Group plc purchased a new stake in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, Holdings Channel reports. The fund purchased 243,874 shares of the company’s stock, valued at approximately $15,218,000.

Several other hedge funds have also added to or reduced their stakes in BALL. Triumph Capital Management acquired a new stake in Ball in the third quarter worth about $26,000. Basecamp Wealth Advisors LLC lifted its position in Ball by 135.0% during the 1st 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 valued at about $29,000. Ancora Advisors LLC bought a new position in shares of Ball in the 2nd quarter valued at about $30,000. Finally, Trust Co. of Vermont bought a new position in shares of Ball in the 2nd quarter valued at about $37,000. Institutional investors own 86.51% of the company’s stock.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BALL. Truist Financial set a $78.00 price target on shares of Ball in a research report on Wednesday, August 5th. Bank of America increased their price objective on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Citigroup lowered shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Price Performance

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

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. 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.