Access Investment Management LLC Takes Position in Ball Corporation $BALL

Access Investment Management LLC bought a new stake in Ball Corporation (NYSE:BALL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,470 shares of the company’s stock, valued at approximately $3,456,000.

Several other hedge funds also recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in shares of Ball during the 3rd quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in Ball during the fourth quarter worth about $29,000. Harbour Investments Inc. increased its stake in shares of Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares during the period. Trust Co. of Vermont grew its stake in shares of Ball by 297.0% in the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Ball during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of several analyst reports. Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Citigroup cut their price objective on shares of Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $70.85.

Ball Price Performance

Shares of NYSE BALL opened at $64.97 on Friday. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.29 and a beta of 0.98. The firm’s 50-day simple moving average is $59.68 and its 200 day simple moving average is $60.50. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. 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.