Commerce Bank purchased a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,742 shares of the company's stock, valued at approximately $1,419,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in shares of Ball in the third quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its position in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Gilpin Wealth Management LLC acquired a new position in Ball during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in Ball in the second quarter valued at approximately $37,000. Finally, Harbour Investments Inc. grew its stake in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock valued at $38,000 after purchasing an additional 222 shares in the last quarter. 86.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BALL has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Truist Financial set a $78.00 price target on shares of Ball in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a research report 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.
Read Our Latest Report on Ball
Ball Price Performance
NYSE:BALL opened at $64.16 on Wednesday. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.24 and a beta of 0.98. The stock's 50 day moving average price is $62.35 and its two-hundred day moving average price is $61.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.
Ball (NYSE:BALL - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current year.
Ball Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball's payout ratio is 22.66%.
About Ball
(
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.
See Also
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