Maridea Wealth Management LLC Purchases New Position in Ball Corporation $BALL

Maridea Wealth Management LLC purchased a new stake in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,742 shares of the company’s stock, valued at approximately $1,793,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Beacon Bank & Trust acquired a new stake in Ball during the second quarter worth approximately $200,000. Laraway Financial Advisors Inc purchased a new position in shares of Ball in the 2nd quarter valued at $220,000. HUB Investment Partners LLC grew its position in shares of Ball by 19.2% in the 2nd quarter. HUB Investment Partners LLC now owns 4,911 shares of the company’s stock valued at $306,000 after buying an additional 790 shares during the last quarter. MGO One Seven LLC grew its position in shares of Ball by 33.1% in the 2nd quarter. MGO One Seven LLC now owns 6,191 shares of the company’s stock valued at $386,000 after buying an additional 1,540 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in Ball by 5.7% during the 2nd quarter. Aberdeen Group plc now owns 338,234 shares of the company’s stock worth $21,106,000 after acquiring an additional 18,153 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial set a $78.00 price target on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Royal Bank Of Canada lifted their target price on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their target price on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Bank of America upped their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Ball Stock Performance

Shares of BALL opened at $61.85 on Friday. The company’s 50 day simple moving average is $61.35 and its 200-day simple moving average is $60.99. The firm has a market cap of $16.37 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98. 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.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating 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 firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts predict that Ball Corporation will post 4.02 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date 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%.

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.