B. Metzler seel. Sohn & Co. AG acquired a new stake in Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,269 shares of the company's stock, valued at approximately $3,511,000.
A number of other hedge funds have also added to or reduced their stakes in BALL. Brighton Jones LLC raised its holdings in Ball by 41.2% during 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. AQR Capital Management LLC raised its stake in shares of Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company's stock worth $4,356,000 after acquiring an additional 67,289 shares in the last quarter. Empowered Funds LLC increased its stake in Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company's stock worth $321,000 after purchasing an additional 590 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Ball in the second quarter worth about $453,000. Finally, Jump Financial LLC purchased a new position in shares of Ball during the second quarter valued at approximately $696,000. Institutional investors and hedge funds own 86.51% of the company's stock.
Ball Price Performance
BALL opened at $63.60 on Friday. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.20 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The business's fifty day simple moving average is $62.09 and its 200-day simple moving average is $61.18.
Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current fiscal year.
Ball Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given 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 dividend yield of 1.3%. Ball's payout ratio is presently 22.66%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Truist Financial set a $78.00 price objective on shares of Ball in a report on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. 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 report on Tuesday, July 14th. UBS Group raised their price objective on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday, August 5th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.69.
Check Out Our Latest Research Report on BALL
Ball Company Profile
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Free Report)
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.
Further Reading
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