Capstone Wealth Management Group Inc. Takes $616,000 Position in Ball Corporation $BALL

Capstone Wealth Management Group Inc. bought a new position in Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 9,872 shares of the company’s stock, valued at approximately $616,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after acquiring an additional 67,289 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after acquiring an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Ball during the 2nd quarter valued at about $453,000. Finally, Jump Financial LLC bought a new position in Ball during the 2nd quarter worth approximately $696,000. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on BALL shares. Royal Bank Of Canada boosted their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Truist Financial set a $78.00 price target on shares of Ball in a report on Wednesday, August 5th. UBS Group boosted their price objective on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Eight 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.69.

Ball Price Performance

Shares of BALL stock opened at $61.91 on Friday. The business’s fifty day moving average is $61.17 and its 200 day moving average is $60.98. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.19 and a beta of 0.98. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts expect that Ball Corporation will post 4.02 EPS for the current fiscal year.

Ball Dividend Announcement

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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s payout ratio is presently 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.