Ball Corporation (NYSE:BALL) Position Boosted by Balefire LLC

Balefire LLC increased its position in Ball Corporation (NYSE:BALL) by 22.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,291 shares of the company’s stock after purchasing an additional 8,572 shares during the period. Balefire LLC’s holdings in Ball were worth $2,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 509 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Ball in the 4th quarter worth about $617,000. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Ball by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 122,900 shares of the company’s stock valued at $6,775,000 after buying an additional 2,100 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Ball in the 4th quarter valued at about $2,401,000. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BALL has been the topic of several research reports. Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Mizuho lowered their target price on Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Truist Financial dropped their price target on Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their price objective on Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. Finally, UBS Group lowered their price objective on Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Ball Stock Performance

Shares of BALL stock opened at $56.77 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 1.10, a current ratio of 1.04 and a quick ratio of 0.70. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. The business has a 50 day simple moving average of $52.89 and a 200 day simple moving average of $52.68.

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

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. Ball’s dividend payout ratio is presently 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.