Leeward Investments LLC MA Acquires New Stake in Ball Corporation (NYSE:BALL)

Leeward Investments LLC MA acquired a new position in Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 156,433 shares of the company's stock, valued at approximately $8,145,000. Leeward Investments LLC MA owned 0.06% of Ball as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company's stock worth $2,044,000 after buying an additional 4,289 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Ball by 5.0% in the first quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company's stock worth $6,378,000 after buying an additional 5,841 shares during the period. Raymond James Financial Inc. bought a new stake in Ball during the 4th quarter valued at approximately $94,861,000. Cambridge Investment Research Advisors Inc. raised its stake in Ball by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company's stock valued at $2,916,000 after purchasing an additional 6,106 shares during the period. Finally, PFG Investments LLC bought a new stake in Ball during the 1st quarter valued at approximately $307,000. Institutional investors own 86.51% of the company's stock.

Ball Trading Up 0.7%

Shares of NYSE BALL traded up $0.38 during trading hours on Tuesday, hitting $58.79. 2,250,959 shares of the company traded hands, compared to its average volume of 2,223,719. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The company's 50 day moving average price is $54.43 and its 200 day moving average price is $52.70. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BALL. Loop Capital decreased their target price on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup increased their target price on Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Truist Financial cut their target price on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays cut their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, UBS Group cut their target price on shares of Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Ball 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.