Havemeyer Place LP Acquires New Holdings in Ball Corporation $BALL

Havemeyer Place LP acquired a new stake in shares of Ball Corporation (NYSE:BALL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,467 shares of the company’s stock, valued at approximately $1,137,000.

Several other hedge funds have also recently bought and sold shares of BALL. GoalVest Advisory LLC acquired a new stake in Ball during the 4th quarter worth approximately $25,000. Board of the Pension Protection Fund acquired a new stake in Ball during the 4th quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in Ball during the 3rd quarter worth approximately $26,000. Harbour Investments Inc. raised its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. Finally, Trust Co. of Vermont raised its holdings in Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

NYSE BALL opened at $52.93 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a market capitalization of $14.09 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The firm’s 50 day moving average is $58.84 and its 200-day moving average is $57.74.

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

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s dividend payout ratio (DPR) is 23.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on BALL shares. Truist Financial raised their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, May 18th. Wells Fargo & Company raised their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average price target of $69.54.

About Ball

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.