Leeward Investments LLC MA Has $8.60 Million Position in Ball Corporation $BALL

Leeward Investments LLC MA lowered its stake in Ball Corporation (NYSE:BALL) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,257 shares of the company’s stock after selling 3,176 shares during the period. Leeward Investments LLC MA owned 0.06% of Ball worth $8,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Ball by 133.5% in the second quarter. Brighton Jones LLC now owns 9,190 shares of the company’s stock valued at $515,000 after purchasing an additional 5,254 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Ball during the 2nd quarter worth $397,000. Sage Mountain Advisors LLC acquired a new stake in Ball during the 2nd quarter worth $284,000. 180 Wealth Advisors LLC grew its holdings in Ball by 4.1% during the 2nd quarter. 180 Wealth Advisors LLC now owns 37,785 shares of the company’s stock worth $2,119,000 after acquiring an additional 1,505 shares during the period. Finally, Prentice Wealth Management LLC acquired a new stake in Ball during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL stock opened at $49.88 on Monday. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $65.06. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average of $50.13 and a 200-day moving average of $52.78.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s payout ratio is currently 41.45%.

Insider Buying and Selling

In related news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

BALL has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada lifted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Friday. Raymond James Financial initiated coverage on shares of Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Finally, Citigroup lowered their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.36.

Ball Company Profile

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.