Intech Investment Management LLC Grows Position in Ball Corporation $BALL

Key Points

• Intech Investment Management LLC significantly increased its stake in Ball Corporation by 925.9% during the first quarter, owning approximately 182,289 shares valued at $9.49 million.
• Ball Corporation reported earnings of $0.90 per share for the last quarter, surpassing estimates and showing a 12.8% increase in year-over-year revenue.
• The company will pay a quarterly dividend of $0.20 per share on September 16th, representing an annual yield of 1.6%.

Intech Investment Management LLC boosted its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 925.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,289 shares of the company's stock after purchasing an additional 164,521 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Ball worth $9,492,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Ball in the 1st quarter worth $32,000. Strengthening Families & Communities LLC raised its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 297 shares during the period. SVB Wealth LLC purchased a new position in shares of Ball in the 1st quarter worth about $39,000. Whipplewood Advisors LLC lifted its stake in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after purchasing an additional 719 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Ball by 40.4% during the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after purchasing an additional 377 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Performance

Ball stock opened at $50.10 on Thursday. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. The firm's fifty day moving average price is $55.23 and its 200 day moving average price is $53.18.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $0.74 earnings per share. The company's revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball's payout ratio is currently 41.45%.

Wall Street Analyst Weigh In

BALL has been the topic of several research reports. Mizuho raised their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. UBS Group upped their price target on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Truist Financial raised their price objective on Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada boosted their price objective on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Six investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.27.

Insider Activity

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares of the company's stock, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

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.

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