Icon Advisers Inc. Co. Raises Holdings in Ball Corporation $BALL

Icon Advisers Inc. Co. grew its stake in shares of Ball Corporation (NYSE:BALL) by 135.5% in the first quarter, HoldingsChannel.com reports. The firm owned 59,100 shares of the company’s stock after buying an additional 34,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Ball were worth $3,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BALL. Price T Rowe Associates Inc. MD grew its holdings in Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after acquiring an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Ball by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after acquiring an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ball by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after acquiring an additional 340,677 shares during the last quarter. Boston Partners raised its stake in shares of Ball by 24.2% during the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after acquiring an additional 922,747 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after purchasing an additional 602,137 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BALL. Citigroup cut their price objective on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Truist Financial upped their target price on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company raised their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Finally, Bank of America boosted their price objective on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ball currently has an average rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Stock Performance

Ball stock opened at $62.26 on Thursday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $16.58 billion, a P/E ratio of 17.99, a PEG ratio of 1.23 and a beta of 0.98. The stock’s 50 day moving average is $58.45 and its 200 day moving average is $60.02.

Ball (NYSE:BALL) last posted 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. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts predict that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s payout ratio is 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.