HB Wealth Management LLC Purchases 12,071 Shares of Ball Corporation $BALL

HB Wealth Management LLC raised its holdings in Ball Corporation (NYSE:BALL) by 130.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,348 shares of the company’s stock after acquiring an additional 12,071 shares during the period. HB Wealth Management LLC’s holdings in Ball were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GoalVest Advisory LLC acquired a new position in shares of Ball in the fourth quarter valued at $25,000. Board of the Pension Protection Fund bought a new position in shares of Ball in the fourth quarter valued at about $26,000. Triumph Capital Management bought a new position in shares of Ball in the third quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new position in Ball during the 4th quarter worth $29,000. Finally, Harbour Investments Inc. lifted its stake in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the period. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BALL. Citigroup decreased their price objective on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Truist Financial increased their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Trading Down 0.4%

Shares of BALL stock opened at $62.73 on Wednesday. The stock’s fifty day moving average price is $57.86 and its two-hundred day moving average price is $59.31. The company has a market cap of $16.70 billion, a PE ratio of 18.13, a P/E/G ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

Ball (NYSE:BALL) last announced its quarterly 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts predict that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

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.