New England Research & Management Inc. Buys Shares of 11,270 Ball Corporation $BALL

Key Points

• New England Research & Management Inc. has acquired 11,270 shares of Ball Corporation, valued at approximately $632,000, indicating increasing institutional interest in the company.
• Ball Corporation recently announced a quarterly dividend of $0.20, representing a 1.6% dividend yield, with the record date set for September 2nd.
• Ball reported strong earnings results for the fiscal quarter, exceeding analyst expectations with $0.90 EPS, and a 12.8% year-over-year revenue increase to $3.34 billion.

New England Research & Management Inc. acquired a new position in Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,270 shares of the company's stock, valued at approximately $632,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock worth $416,681,000 after purchasing an additional 2,453,630 shares during the period. Invesco Ltd. lifted its position in shares of Ball by 5.1% during the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock valued at $227,560,000 after acquiring an additional 210,838 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ball by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company's stock valued at $175,480,000 after acquiring an additional 315,091 shares during the last quarter. Northern Trust Corp lifted its position in shares of Ball by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company's stock valued at $158,623,000 after acquiring an additional 19,921 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Ball by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,209 shares of the company's stock valued at $115,034,000 after acquiring an additional 61,498 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Down 2.5%

Ball stock opened at $49.92 on Tuesday. 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 $13.58 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.16 and a beta of 1.06. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company's fifty day moving average price is $54.76 and its two-hundred day moving average price is $53.18.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The business's quarterly 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, analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is presently 41.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BALL. Bank of America reissued a "neutral" rating and set a $66.00 target price (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Royal Bank Of Canada upped their price target on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Mizuho upped their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. 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 note on Wednesday, July 9th. Finally, Wells Fargo & Company upped their price target on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ball has a consensus rating of "Hold" and a consensus price target of $65.27.

Insider Buying and Selling at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares of the company's stock, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company's stock.

About Ball

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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