Locust Wood Capital Advisers LLC Buys Shares of 14,400 Ball Corporation $BALL

Locust Wood Capital Advisers LLC purchased a new stake in Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,400 shares of the company’s stock, valued at approximately $808,000.

Other institutional investors have also made changes to their positions in the company. Praxis Investment Management Inc. lifted its stake in Ball by 1.2% in the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after buying an additional 180 shares during the period. EP Wealth Advisors LLC grew its position in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after buying an additional 205 shares during the period. Ethic Inc. raised its position in shares of Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after acquiring an additional 205 shares during the period. Seeds Investor LLC raised its position in shares of Ball by 4.1% in the 2nd quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares during the period. Finally, Smith Moore & CO. boosted its stake in Ball by 2.3% during the 2nd quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock worth $687,000 after acquiring an additional 278 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

BALL stock opened at $48.42 on Wednesday. The stock has a 50-day moving average price of $48.55 and a two-hundred day moving average price of $52.42. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $62.89. The stock has a market cap of $12.98 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Wall Street Analysts Forecast Growth

BALL has been the topic of several analyst reports. Citigroup cut their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Raymond James Financial initiated coverage on shares of Ball in a research report on Wednesday, October 15th. They issued a “market perform” rating for the company. Royal Bank Of Canada lifted their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.92.

Ball 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.