10,065 Shares in Ball Co. (NYSE:BALL) Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new position in shares of Ball Co. (NYSE:BALL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,065 shares of the company’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also bought and sold shares of BALL. Federated Hermes Inc. lifted its position in Ball by 0.9% during the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after purchasing an additional 162 shares during the period. Fifth Third Bancorp boosted its stake in shares of Ball by 2.0% in the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after buying an additional 174 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Ball by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock worth $2,304,000 after buying an additional 175 shares during the last quarter. SYSTM Wealth Solutions LLC grew its holdings in Ball by 0.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 26,470 shares of the company’s stock worth $1,783,000 after acquiring an additional 179 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its position in Ball by 17.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after acquiring an additional 186 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Up 0.7 %

Shares of BALL opened at $67.47 on Monday. The stock has a 50 day moving average price of $64.25 and a 200 day moving average price of $65.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a market capitalization of $20.94 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 1.70 and a beta of 0.88. Ball Co. has a one year low of $42.81 and a one year high of $71.32.

Ball (NYSE:BALL) last issued its earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Equities research analysts forecast that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, September 3rd. Ball’s dividend payout ratio (DPR) is 6.02%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company lowered their price objective on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, August 14th. Truist Financial restated a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Finally, UBS Group increased their price target on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $70.83.

Ball Company Profile

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.