Ball Corp (NYSE:BALL) (NYSE:BLL) President and CEO Daniel Fisher has recently increased his stake in the company, according to a new SEC filing. Fisher purchased 3,869 shares of Ball Corp's common stock on March 14, at a weighted average price of $64.556 per share, totaling approximately $250,000.
The transaction was executed in multiple trades with prices ranging from $64.49 to $64.63, as noted in the filing's footnotes. This purchase has brought Fisher's total direct holdings to 111,865.7317 shares. Additionally, the SEC filing revealed indirect holdings by Fisher's spouse and through 401(k) plans, although Fisher disclaims beneficial ownership of these securities.
Investors often keep a close eye on insider transactions such as these, considering them a signal of the executives' confidence in the company's future performance. Fisher's role as the President and CEO of Ball Corp, coupled with this recent acquisition, may be of particular interest to current and potential shareholders.
Ball Corp, with its headquarters in Westminster, Colorado, specializes in metal cans manufacturing and has been a significant player in the packaging industry. The details of Fisher's stock transactions provide a glimpse into the executive's investment moves and offer a piece of the broader picture of corporate insider activities.
InvestingPro Insights
Ball Corp (NYSE:BLL) has shown a robust track record, with President and CEO Daniel Fisher's recent stock purchase underscoring confidence in the company's future. For investors looking to gain a deeper understanding of Ball Corp's financial health and market performance, InvestingPro provides valuable insights. The company's market capitalization stands at a solid $20.36 billion, reflecting its substantial presence in the packaging industry.
One of the key InvestingPro Tips for Ball Corp is its consistent dividend payments, with a history of 52 consecutive years, signaling a reliable income stream for investors. Additionally, the company has been profitable over the last twelve months, which is an encouraging sign for those concerned about the bottom line. However, investors should note that Ball Corp is trading near its 52-week high, with a price that is 96.51% of this peak, and it exhibits a high Price/Book multiple of 5.4 as of the last twelve months ending Q4 2023. This suggests that the stock may be priced on the higher side relative to its book value.
From a financial performance standpoint, Ball Corp's revenue for the last twelve months as of Q4 2023 was $14.03 billion, although it experienced a decline of 8.6% compared to the previous period. The company's gross profit margin stands at 19.03%, reflecting the profitability of its core operations. Investors should also be aware that the company's short-term obligations exceed its liquid assets, which could indicate potential liquidity concerns in the near term.
For those interested in further details and analysis, InvestingPro offers additional tips on Ball Corp's financial metrics and stock performance. By using the coupon code PRONEWS24, readers can enjoy an extra 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to an expanded list of insights. Currently, there are six more InvestingPro Tips available for Ball Corp, which could provide a more nuanced perspective on the company's investment potential.
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