Leeward Investments LLC MA Acquires 16,384 Shares of Ball Corporation $BALL

Leeward Investments LLC MA raised its holdings in shares of Ball Corporation (NYSE:BALL) by 10.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 169,522 shares of the company’s stock after acquiring an additional 16,384 shares during the quarter. Leeward Investments LLC MA’s holdings in Ball were worth $10,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Ball in the 3rd quarter worth $26,000. Basecamp Wealth Advisors LLC lifted its position in 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 in the last quarter. Gilpin Wealth Management LLC purchased a new position in Ball during the fourth quarter valued at $29,000. Harbour Investments Inc. grew its holdings in Ball by 44.1% during 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. Finally, MUFG Securities EMEA plc bought a new stake in Ball during the second quarter valued at about $46,000. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

NYSE:BALL opened at $61.91 on Friday. The business’s 50-day simple moving average is $61.17 and its two-hundred day simple moving average is $60.98. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The stock has a market cap of $16.39 billion, a PE ratio of 17.54, a P/E/G ratio of 1.19 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts forecast that Ball Corporation will post 4.02 EPS 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 issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is currently 22.66%.

Analysts Set New Price Targets

BALL has been the topic of several recent research reports. UBS Group raised 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. Truist Financial set a $78.00 price objective on Ball in a research note on Wednesday, August 5th. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. Wells Fargo & Company raised their target price on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.69.

Ball 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.