Commerce Bank Purchases New Position in Ball Corporation $BALL

Commerce Bank purchased a new stake in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,742 shares of the company’s stock, valued at approximately $1,419,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Ball during the second quarter worth approximately $1,310,991,000. Price T Rowe Associates Inc. MD increased its stake in shares of Ball by 5.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares during the period. T. Rowe Price Investment Management Inc. increased 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 worth $382,742,000 after purchasing an additional 266,238 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after purchasing an additional 340,677 shares during the last quarter. Finally, Boston Partners lifted its holdings in Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after purchasing an additional 922,747 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

Shares of NYSE:BALL opened at $64.16 on Wednesday. The firm has a 50 day moving average of $62.35 and a 200-day moving average of $61.23. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.98 billion, a PE ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.98.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts predict 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 given a dividend of $0.20 per share. 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 is currently 22.66%.

Wall Street Analysts Forecast Growth

BALL has been the subject of several recent research reports. Mizuho set a $72.00 price target on Ball in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Truist Financial set a $78.00 price target on shares of Ball in a research note on Wednesday, August 5th. UBS Group lifted their price objective on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.