Focus Partners Advisor Solutions LLC acquired a new position in Ball Corporation (NYSE:BALL – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 14,241 shares of the company’s stock, valued at approximately $889,000.
Other large investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new position in shares of Ball during the third quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its position in Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Gilpin Wealth Management LLC bought a new stake in Ball during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. grew its holdings in shares of Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Ball during the 2nd quarter worth approximately $46,000. Institutional investors own 86.51% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on BALL shares. Truist Financial set a $78.00 target price on Ball in a research note on Wednesday, August 5th. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Bank of America increased their price target on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.
Ball Price Performance
Shares of NYSE:BALL opened at $61.85 on Monday. The business has a fifty day moving average price of $61.35 and a 200-day moving average price of $61.01. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The company has a market capitalization of $16.37 billion, a PE ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.
Ball (NYSE:BALL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business posted $0.90 EPS. Ball’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts expect that Ball Corporation will post 4.02 EPS for the current fiscal year.
Ball Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is presently 22.66%.
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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