Royce & Associates LP Makes New $654,000 Investment in Ball Corporation (NYSE:BALL)

Royce & Associates LP acquired a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,560 shares of the company's stock, valued at approximately $654,000.

A number of other hedge funds also recently made changes to their positions in BALL. Brighton Jones LLC raised its stake in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after acquiring an additional 1,531 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Ball by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 93,994 shares of the company's stock worth $5,182,000 after buying an additional 655 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Ball by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 176,397 shares of the company's stock valued at $9,725,000 after purchasing an additional 21,670 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Ball by 30.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 40,984 shares of the company's stock valued at $2,259,000 after acquiring an additional 9,577 shares in the last quarter. Finally, DnB Asset Management AS raised its holdings in Ball by 2.1% in the fourth quarter. DnB Asset Management AS now owns 59,583 shares of the company's stock worth $3,285,000 after purchasing an additional 1,242 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Down 0.3%

Shares of BALL stock traded down $0.20 during mid-day trading on Friday, hitting $57.06. 4,335,629 shares of the company's stock were exchanged, compared to its average volume of 2,630,740. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.62 and a beta of 1.08. The stock has a 50-day simple moving average of $56.40 and a two-hundred day simple moving average of $53.16. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 2nd. Ball's payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on BALL. Bank of America reaffirmed a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Truist Financial boosted their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company lifted their price objective on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Barclays cut their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Finally, Loop Capital cut their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.64.

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.