Algert Global LLC Takes $319,000 Position in Ball Corporation $BALL

Key Points

• Algert Global LLC has acquired 6,120 shares of Ball Corporation (NYSE:BALL), valued at approximately $319,000, in its first quarter filings with the SEC.
• Ball Corporation recently reported a quarterly EPS of $0.90, exceeding estimates, with revenue of $3.34 billion, marking a 12.8% increase year-over-year.
• The company also announced a quarterly dividend of $0.20 per share, representing a 1.5% dividend yield, with the payment scheduled for September 16.

Algert Global LLC bought a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,120 shares of the company's stock, valued at approximately $319,000.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Ball during the first quarter worth approximately $32,000. Strengthening Families & Communities LLC increased its holdings in shares of Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after buying an additional 297 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after buying an additional 719 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after buying an additional 377 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in Ball in the fourth quarter valued at $70,000. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Up 0.8%

Shares of BALL stock traded up $0.41 during mid-day trading on Friday, reaching $52.48. The stock had a trading volume of 589,541 shares, compared to its average volume of 2,614,452. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. 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 stock's 50-day moving average price is $56.30 and its two-hundred day moving average price is $53.12. The firm has a market capitalization of $14.28 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. Ball'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. Equities analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball's payout ratio is presently 41.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Loop Capital decreased their price objective on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup raised their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada raised their price target on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Truist Financial lifted their price objective on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Bank of America reiterated a "neutral" rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $65.27.

About Ball

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.