42,275 Shares in Ball Corporation $BALL Bought by MidFirst Bank

MidFirst Bank bought a new position in shares of Ball Corporation (NYSE:BALL) during the second quarter, Holdings Channel reports. The fund bought 42,275 shares of the company’s stock, valued at approximately $2,638,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Ball during the 2nd quarter worth about $1,310,991,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Ball by 5.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after acquiring an additional 999,690 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ball by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after acquiring an additional 266,238 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ball by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after acquiring an additional 340,677 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Ball by 24.2% in the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after acquiring an additional 922,747 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. UBS Group increased their target price on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Citigroup cut Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Truist Financial set a $78.00 price target on Ball in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada upped their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Stock Performance

Shares of BALL opened at $61.29 on Tuesday. The company’s 50 day moving average price is $61.53 and its 200 day moving average price is $61.04. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The company has a market capitalization of $16.22 billion, a PE ratio of 17.36, a PEG ratio of 1.19 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts expect that Ball Corporation will post 4.02 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is 22.66%.

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.