Heartland Advisors Inc. Acquires Shares of 120,139 Ball Corporation $BALL

Heartland Advisors Inc. bought a new position in Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 120,139 shares of the company’s stock, valued at approximately $7,497,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Basecamp Wealth Advisors LLC boosted its stake in shares of Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Triumph Capital Management bought a new position in shares of Ball in the third quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in Ball in the 4th quarter worth about $29,000. Trust Co. of Vermont purchased a new position in Ball in the 2nd quarter worth about $37,000. Finally, Harbour Investments Inc. lifted its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Up 1.6%

NYSE BALL opened at $63.60 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company’s 50-day simple moving average is $62.09 and its two-hundred day simple moving average is $61.18. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts forecast that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Analysts Set New Price Targets

A number of equities analysts have commented on BALL shares. Bank of America upped their target price on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company lifted their price target on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Truist Financial set a $78.00 price target on Ball in a report on Wednesday, August 5th. Finally, UBS Group increased their price objective on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.