Delta Global Management LP Makes New Investment in Ball Corporation $BALL

Delta Global Management LP acquired a new stake in Ball Corporation (NYSE:BALL) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,212 shares of the company’s stock, valued at approximately $840,000.

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

Ball Stock Performance

Shares of NYSE:BALL opened at $63.84 on Monday. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. The company has a 50-day moving average price of $58.74 and a 200-day moving average price of $60.15. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is 23.12%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BALL. Bank of America increased their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Citigroup dropped their price objective on Ball from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.85.

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.