Rhumbline Advisers Increases Stock Position in Ball Co. (NYSE:BALL)

Rhumbline Advisers increased its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 601,572 shares of the company's stock after acquiring an additional 39,721 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Ball worth $31,324,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in shares of Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Ball by 328.4% during the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after buying an additional 509 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Ball in the fourth quarter valued at $70,000. Hager Investment Management Services LLC acquired a new position in shares of Ball during the fourth quarter valued at about $76,000. Finally, Headlands Technologies LLC bought a new stake in shares of Ball during the fourth quarter worth about $108,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of analyst reports. Barclays cut their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Loop Capital dropped their target price on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their target price on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their price target on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group dropped their price objective on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Ball Stock Performance

NYSE:BALL traded up $0.28 during trading on Friday, reaching $53.77. The company's stock had a trading volume of 1,267,384 shares, compared to its average volume of 2,203,402. Ball Co. has a 12 month low of $43.51 and a 12 month high of $70.07. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. The firm has a 50 day moving average of $50.78 and a 200-day moving average of $53.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Research analysts expect that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Ball's payout ratio is currently 47.62%.

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.