Fifth Third Bancorp Raises Holdings in Ball Corporation $BALL

Fifth Third Bancorp increased its position in Ball Corporation (NYSE:BALL) by 418.2% in the first quarter, Holdings Channel.com reports. The fund owned 50,248 shares of the company’s stock after acquiring an additional 40,552 shares during the quarter. Fifth Third Bancorp’s holdings in Ball were worth $2,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management bought a new position in Ball during the third quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Ball during the 4th quarter valued at about $29,000. Harbour Investments Inc. raised its position in 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 last quarter. Trust Co. of Vermont boosted its position in Ball by 297.0% in the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Ball in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, May 18th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Bank of America upped their price target on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Citigroup reduced their target price on shares of Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and a consensus price target of $70.85.

Ball Trading Down 0.8%

BALL stock opened at $62.22 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company’s 50-day simple moving average is $58.23 and its 200-day simple moving average is $59.89. The firm has a market cap of $16.57 billion, a P/E ratio of 17.98, a PEG ratio of 1.23 and a beta of 0.98.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’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. As a group, equities analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is 23.12%.

Ball Profile

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.