Bull Harbor Capital LLC acquired a new stake in Ball Corporation (NYSE:BALL – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,290 shares of the company’s stock, valued at approximately $490,000.
A number of other large investors have also recently bought and sold shares of BALL. Amundi increased its position in Ball by 19.4% during the first quarter. Amundi now owns 1,109,083 shares of the company’s stock worth $65,557,000 after buying an additional 180,214 shares during the last quarter. Parvin Asset Management LLC lifted its position in shares of Ball by 19.5% in the first quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock worth $78,000 after buying an additional 215 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Ball by 82.6% in the first quarter. EverSource Wealth Advisors LLC now owns 6,241 shares of the company’s stock worth $369,000 after buying an additional 2,823 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Ball by 27.3% during the 1st quarter. Royal Bank of Canada now owns 331,898 shares of the company’s stock worth $19,619,000 after acquiring an additional 71,240 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Ball during the 1st quarter worth about $536,000. 86.51% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their target price on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. UBS Group lowered their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Bank of America lifted their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial boosted their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.85.
Ball Stock Down 0.5%
BALL stock opened at $64.97 on Friday. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98. The company has a 50-day moving average of $59.68 and a two-hundred day moving average of $60.50. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.
Ball (NYSE:BALL – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.
Ball Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s dividend payout ratio (DPR) is 23.12%.
About Ball
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.
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