Caxton Associates LLP Decreases Position in Ball Corporation $BALL

Caxton Associates LLP lessened its stake in Ball Corporation (NYSE:BALL) by 64.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,774 shares of the company’s stock after selling 13,802 shares during the period. Caxton Associates LLP’s holdings in Ball were worth $460,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BALL. Sei Investments Co. boosted its position in Ball by 47.5% during the 1st quarter. Sei Investments Co. now owns 92,652 shares of the company’s stock valued at $5,476,000 after acquiring an additional 29,843 shares in the last quarter. Lido Advisors LLC purchased a new stake in Ball during the 1st quarter valued at $265,000. State of Wyoming boosted its position in shares of Ball by 2,007.1% during the first quarter. State of Wyoming now owns 14,202 shares of the company’s stock valued at $839,000 after buying an additional 13,528 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Ball by 59.3% in the first quarter. Cetera Investment Advisers now owns 51,842 shares of the company’s stock worth $3,064,000 after acquiring an additional 19,300 shares during the period. Finally, Icon Advisers Inc. Co. raised its stake in Ball by 135.5% during the 1st quarter. Icon Advisers Inc. Co. now owns 59,100 shares of the company’s stock valued at $3,493,000 after buying an additional 34,000 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 1.4%

Ball stock opened at $64.75 on Tuesday. The firm has a market cap of $17.24 billion, a PE ratio of 18.71, a P/E/G ratio of 1.26 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The stock’s 50 day simple moving average is $58.91 and its two-hundred day simple moving average is $60.22. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the firm posted $0.76 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio is currently 23.12%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BALL. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Truist Financial boosted their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Citigroup lowered their price objective on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wells Fargo & Company lifted their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.