Baron Wealth Management LLC Invests $221,000 in Ball Co. (NYSE:BALL)

Baron Wealth Management LLC purchased a new position in shares of Ball Co. (NYSE:BALL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,255 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in BALL. Peterson Financial Group Inc. acquired a new stake in Ball during the third quarter worth approximately $30,000. Friedenthal Financial acquired a new stake in shares of Ball in the 2nd quarter valued at $47,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ball in the 3rd quarter valued at $47,000. Quarry LP boosted its holdings in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after acquiring an additional 856 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after acquiring an additional 815 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the subject of several analyst reports. UBS Group raised their target price on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Truist Financial reissued a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Wells Fargo & Company decreased their target price on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Ball in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Trading Down 0.1 %

Ball stock opened at $60.86 on Tuesday. The stock has a market cap of $18.16 billion, a P/E ratio of 4.59, a PEG ratio of 1.53 and a beta of 0.90. Ball Co. has a fifty-two week low of $51.65 and a fifty-two week high of $71.32. The firm’s fifty day moving average price is $64.44 and its 200-day moving average price is $64.53. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Equities research analysts forecast that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Ball’s dividend payout ratio is currently 6.03%.

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.