Locust Wood Capital Advisers LLC Invests $808,000 in Ball Corporation $BALL

Locust Wood Capital Advisers LLC bought a new stake in Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,400 shares of the company’s stock, valued at approximately $808,000.

Several other institutional investors and hedge funds have also bought and sold shares of BALL. Praxis Investment Management Inc. grew its stake in Ball by 1.2% in the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after purchasing an additional 180 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after purchasing an additional 205 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after buying an additional 205 shares during the last quarter. Seeds Investor LLC boosted its holdings in shares of Ball by 4.1% in the 2nd quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after buying an additional 265 shares during the last quarter. Finally, Smith Moore & CO. grew its stake in shares of Ball by 2.3% in the second quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock valued at $687,000 after buying an additional 278 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $48.42 on Wednesday. The stock has a market cap of $12.98 billion, a PE ratio of 19.68, a P/E/G ratio of 1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. The firm has a 50-day moving average of $48.55 and a 200-day moving average of $52.42. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $62.89.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. Ball’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s dividend payout ratio (DPR) is presently 32.52%.

Analyst Ratings Changes

Several research firms have issued reports on BALL. UBS Group dropped their price target on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Raymond James Financial began coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Truist Financial reduced their price target on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Mizuho lowered their price target on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.92.

About Ball

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.