AMG National Trust Bank Takes Position in Ball Corporation $BALL

Key Points

• AMG National Trust Bank purchased 1.22 million Ball shares worth approximately $76.4 million, making Ball its 10th-largest portfolio holding and representing about 0.46% of the company.
• Ball exceeded quarterly expectations, reporting $1.03 in EPS versus $0.99 expected and $4.0 billion in revenue, up 19.7% year over year. Analysts expect approximately $4.02 in full-year EPS.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $71.69, while Ball recently announced a quarterly dividend of $0.20 per share, equivalent to a 1.3% annual yield.

AMG National Trust Bank purchased a new position in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,223,993 shares of the company's stock, valued at approximately $76,377,000. Ball makes up 1.6% of AMG National Trust Bank's portfolio, making the stock its 10th largest position. AMG National Trust Bank owned approximately 0.46% of Ball as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Ball during the second quarter valued at approximately $420,000. Bank of New York Mellon Corp purchased a new position in shares of Ball in the 2nd quarter worth approximately $143,165,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Ball in the 2nd quarter worth approximately $889,000. State of Wyoming bought a new position in shares of Ball during the 2nd quarter valued at approximately $686,000. Finally, GSA Capital Partners LLP bought a new position in shares of Ball during the 2nd quarter valued at approximately $427,000. 86.51% of the stock is owned by institutional investors.

Ball Stock Up 0.0%

NYSE:BALL opened at $61.85 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a 50-day moving average of $61.35 and a 200 day moving average of $61.01. The firm has a market cap of $16.37 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company's quarterly 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, research analysts anticipate that Ball Corporation will post 4.02 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid 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 1.3%. Ball's payout ratio is 22.66%.

Analysts Set New Price Targets

BALL has been the subject of a number of analyst reports. Raymond James Financial set a $73.00 price target on Ball and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Truist Financial set a $78.00 price target on shares of Ball in a report on Wednesday, August 5th. Finally, Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.69.

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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