Bull Harbor Capital LLC Makes New Investment in Ball Corporation $BALL

Bull Harbor Capital LLC bought a new stake in shares of Ball Corporation (NYSE:BALL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,290 shares of the company’s stock, valued at approximately $490,000.

A number of other hedge funds also recently modified their holdings of the business. Triumph Capital Management purchased a new position in shares of Ball during the third quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in Ball during the fourth quarter valued at $29,000. Harbour Investments Inc. lifted its stake in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares in the last quarter. Trust Co. of Vermont lifted its stake in Ball by 297.0% in the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after acquiring an additional 600 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Ball during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

BALL has been the topic of several research analyst reports. Raymond James Financial set a $73.00 target price on Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial increased their price target on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Wells Fargo & Company raised their price target on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup lowered their price objective on shares of Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ball has an average rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Price Performance

BALL opened at $64.97 on Friday. The stock has a fifty day moving average price of $59.68 and a 200 day moving average price of $60.50. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.29 and a beta of 0.98.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company 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 firm posted $0.76 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s payout ratio is presently 23.12%.

Ball Company 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.