Northwestern Mutual Wealth Management Co. Takes Position in Ball Corporation $BALL

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, Holdings Channel reports. The fund purchased 17,168 shares of the company’s stock, valued at approximately $1,071,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Ball in the 2nd quarter valued at approximately $1,310,991,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock worth $382,742,000 after purchasing an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after purchasing an additional 340,677 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Ball by 24.2% in the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after purchasing an additional 922,747 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Performance

BALL stock opened at $64.16 on Wednesday. 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 Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a market cap of $16.98 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98. The stock’s fifty day moving average price is $62.35 and its 200-day moving average price is $61.23.

Ball (NYSE:BALL) last posted 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. 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 for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BALL. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.