Ball Co. (BLL) Director R David Hoover Sells 8,000 Shares
Ball Co. (NYSE:BLL) Director R David Hoover sold 8,000 shares of Ball stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $40.02, for a total value of $320,160.00. Following the sale, the director now owns 175,260 shares of the company’s stock, valued at $7,013,905.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
R David Hoover also recently made the following trade(s):
- On Monday, May 22nd, R David Hoover sold 10,000 shares of Ball stock. The shares were sold at an average price of $40.22, for a total value of $402,200.00.
- On Friday, May 19th, R David Hoover sold 22,000 shares of Ball stock. The shares were sold at an average price of $39.75, for a total value of $874,500.00.
- On Monday, March 13th, R David Hoover sold 5,000 shares of Ball stock. The shares were sold at an average price of $74.07, for a total value of $370,350.00.
Ball Co. (NYSE:BLL) traded down 0.12% during midday trading on Tuesday, reaching $40.13. The company had a trading volume of 1,570,512 shares. The company’s 50-day moving average is $70.67 and its 200 day moving average is $74.07. The company has a market cap of $14.09 billion, a PE ratio of 29.86 and a beta of 0.98. Ball Co. has a 52-week low of $39.34 and a 52-week high of $82.24.
Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Ball had a return on equity of 18.44% and a net margin of 2.81%. The business’s revenue was up 40.8% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, equities research analysts forecast that Ball Co. will post $2.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. This is an increase from Ball’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, May 30th. Ball’s dividend payout ratio (DPR) is currently 30.23%.
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Several brokerages have recently issued reports on BLL. ValuEngine upgraded Ball from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Vertical Research lowered Ball from a “buy” rating to a “hold” rating and set a $41.50 price target for the company. in a report on Monday, May 15th. Jefferies Group LLC lifted their price target on Ball from $45.00 to $47.50 and gave the company a “buy” rating in a report on Monday, May 15th. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, TheStreet upgraded Ball from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.23.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in Ball by 35.7% in the fourth quarter. Bessemer Group Inc. now owns 1,385 shares of the industrial products company’s stock worth $104,000 after buying an additional 364 shares in the last quarter. Pinnacle Bank bought a new position in Ball during the first quarter worth $126,000. First Personal Financial Services increased its position in Ball by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock worth $133,000 after buying an additional 262 shares in the last quarter. Advisor Partners LLC bought a new position in Ball during the first quarter worth $201,000. Finally, Baird Financial Group Inc. bought a new position in Ball during the first quarter worth $201,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
Ball Company Profile
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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