Palisade Asset Management LLC Trims Stock Position in Ball Corporation $BALL

Palisade Asset Management LLC cut its holdings in Ball Corporation (NYSE:BALL) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,718 shares of the company’s stock after selling 21,492 shares during the quarter. Palisade Asset Management LLC owned approximately 0.05% of Ball worth $7,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GoalVest Advisory LLC purchased a new stake in shares of Ball in the 4th quarter worth about $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Ball in the 4th quarter worth about $26,000. Triumph Capital Management purchased a new stake in shares of Ball in the 3rd quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Ball in the 4th quarter worth about $29,000. Finally, Harbour Investments Inc. grew its position in shares of Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BALL. Wells Fargo & Company upped their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup reduced their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. UBS Group reduced their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Stock Performance

Shares of BALL stock opened at $56.93 on Monday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company’s 50-day moving average is $58.41 and its 200 day moving average is $57.97. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the firm posted $0.76 EPS. Ball’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s dividend payout ratio is 23.12%.

About Ball

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.