Leeward Investments LLC MA Buys 16,384 Shares of Ball Corporation $BALL

Key Points

• Leeward Investments increased its Ball Corporation stake by 10.7% in the second quarter, purchasing 16,384 additional shares for a total holding of 169,522 shares valued at approximately $10.6 million.
• Ball reported quarterly earnings of $1.03 per share, exceeding the $0.99 analyst consensus, while revenue rose 19.7% year over year to $4 billion. The company also maintained a $0.20 quarterly dividend, equivalent to a 1.3% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $71.69, compared with the stock’s reported price of $61.91.

Leeward Investments LLC MA lifted its stake in Ball Corporation (NYSE:BALL - Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,522 shares of the company's stock after purchasing an additional 16,384 shares during the quarter. Leeward Investments LLC MA owned 0.06% of Ball worth $10,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in Ball during the 3rd quarter valued at about $26,000. Basecamp Wealth Advisors LLC increased its stake in Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in Ball in the fourth quarter worth about $29,000. Harbour Investments Inc. raised its holdings in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock worth $38,000 after buying an additional 222 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Ball in the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Performance

BALL stock opened at $61.91 on Friday. 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 market cap of $16.39 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98. The stock's fifty day moving average price is $61.17 and its 200-day moving average price is $60.98.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. Ball's revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball's dividend payout ratio is presently 22.66%.

Analysts Set New Price Targets

BALL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an "outperform" rating in a report on Tuesday, April 21st. Royal Bank Of Canada increased their target price on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Finally, Citigroup cut Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Eight 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Company 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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