New Mexico Educational Retirement Board increased its stake in shares of Ball Co. (NYSE:BLL) by 83.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,528 shares of the industrial products company’s stock after buying an additional 14,764 shares during the period. New Mexico Educational Retirement Board’s holdings in Ball were worth $1,363,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BLL. Cleararc Capital Inc. raised its position in shares of Ball by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares during the period. Fifth Third Bancorp raised its position in shares of Ball by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock valued at $271,000 after buying an additional 75 shares during the period. Creative Planning raised its position in shares of Ball by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock valued at $202,000 after buying an additional 86 shares during the period. HCR Wealth Advisors raised its position in shares of Ball by 2.1% in the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock valued at $344,000 after buying an additional 101 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Ball by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares during the period. Institutional investors own 46.59% of the company’s stock.

Ball Co. (NYSE:BLL) opened at 40.16 on Friday. Ball Co. has a 1-year low of $35.65 and a 1-year high of $43.06. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 56.96 and a beta of 0.95. The company’s 50-day moving average price is $41.90 and its 200 day moving average price is $39.16.

Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. Ball had a net margin of 3.15% and a return on equity of 11.00%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the firm posted $1.05 EPS. Ball’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts expect that Ball Co. will post $2.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball’s dividend payout ratio (DPR) is presently 78.43%.

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Several brokerages have recently commented on BLL. Jefferies Group LLC upped their price target on Ball from $45.00 to $47.50 and gave the company a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research lowered Ball from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Barclays PLC upped their price target on Ball from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. BidaskClub raised Ball from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Vertical Group reaffirmed a “hold” rating and issued a $43.00 price target (up previously from $41.50) on shares of Ball in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.05.

In other Ball news, Director R David Hoover sold 10,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $40.22, for a total transaction of $402,200.00. Following the transaction, the director now owns 183,260 shares in the company, valued at $7,370,717.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 5,655 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.19, for a total value of $232,929.45. Following the transaction, the chairman now owns 407,575 shares in the company, valued at approximately $16,788,014.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,654 shares of company stock valued at $4,839,833. 2.70% of the stock is owned by company insiders.

About Ball

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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