Leeward Investments LLC MA Sells 3,176 Shares of Ball Corporation $BALL

Leeward Investments LLC MA trimmed its position in Ball Corporation (NYSE:BALL) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 153,257 shares of the company’s stock after selling 3,176 shares during the quarter. Leeward Investments LLC MA’s holdings in Ball were worth $8,596,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Ball by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after purchasing an additional 2,453,630 shares during the period. Invesco Ltd. raised its holdings in shares of Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock valued at $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ball by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock valued at $175,480,000 after purchasing an additional 315,091 shares during the period. Northern Trust Corp raised its holdings in shares of Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock valued at $158,623,000 after purchasing an additional 19,921 shares during the period. Finally, Mirova US LLC raised its holdings in shares of Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after purchasing an additional 124,814 shares during the period. 86.51% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the transaction, the chairman owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $49.88 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.14 and a beta of 1.09. The firm’s 50 day simple moving average is $50.13 and its 200 day simple moving average is $52.78. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $65.06.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball’s dividend payout ratio (DPR) is presently 41.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BALL shares. UBS Group dropped their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Truist Financial decreased their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Citigroup decreased their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada upped their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company decreased their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ball has an average rating of “Hold” and a consensus price target of $62.36.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.