Havemeyer Place LP bought a new stake in Ball Corporation (NYSE:BALL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,467 shares of the company’s stock, valued at approximately $1,137,000.
Several other hedge funds and other institutional investors have also made changes to their positions in BALL. Teacher Retirement System of Texas boosted its position in Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after purchasing an additional 97,264 shares during the period. Cibc World Market Inc. bought a new position in Ball during the third quarter worth $5,570,000. Independent Advisor Alliance boosted its position in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the period. Mizuho Markets Cayman LP bought a new position in Ball during the fourth quarter worth $26,485,000. Finally, AIA Group Ltd acquired a new stake in shares of Ball during the third quarter worth $618,000. 86.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
BALL has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. UBS Group cut 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. Truist Financial increased their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.
Ball Price Performance
Shares of BALL opened at $52.93 on Monday. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The business’s fifty day moving average is $58.84 and its 200 day moving average is $57.74. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock has a market cap of $14.09 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.03 and a beta of 1.01.
Ball (NYSE:BALL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current fiscal year.
Ball Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.
Ball 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.
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