MidFirst Bank Invests $1.87 Million in Ball Corporation $BALL

MidFirst Bank bought a new position in shares of Ball Corporation (NYSE:BALL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,285 shares of the company’s stock, valued at approximately $1,869,000.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in Ball during the 4th quarter valued at approximately $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Ball in the fourth quarter worth $26,000. Triumph Capital Management acquired a new stake in shares of Ball in the third quarter worth $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Ball during the fourth quarter worth $29,000. Finally, Harbour Investments Inc. raised its holdings in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

BALL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a report on Friday, April 17th. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Monday, May 18th. Citigroup dropped their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Wells Fargo & Company lifted their price target on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Stock Up 0.1%

BALL stock opened at $57.79 on Friday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The firm’s fifty day moving average is $58.25 and its 200 day moving average is $58.21. The firm has a market cap of $15.39 billion, a PE ratio of 16.70, a P/E/G ratio of 1.13 and a beta of 1.01.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts forecast that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Ball 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.