Ball Co. (NYSE:BLL) VP Scott C. Morrison sold 2,591 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $38.62, for a total value of $100,064.42. Following the completion of the sale, the vice president now directly owns 390,052 shares of the company’s stock, valued at approximately $15,063,808.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ball Co. (NYSE BLL) traded down $0.34 during trading on Monday, hitting $37.53. The company had a trading volume of 5,383,314 shares, compared to its average volume of 3,836,065. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.55. Ball Co. has a 12-month low of $35.60 and a 12-month high of $43.24. The firm has a market capitalization of $13,256.61, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97.
Ball (NYSE:BLL) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Ball had a return on equity of 19.20% and a net margin of 3.63%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. analysts expect that Ball Co. will post 2.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, February 28th. Ball’s payout ratio is presently 35.71%.
A number of large investors have recently made changes to their positions in the business. Garcia Hamilton & Associates LP DE lifted its holdings in Ball by 9.6% in the second quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 746 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Ball by 4.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 33,828 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 1,300 shares during the period. Chartwell Investment Partners LLC lifted its holdings in Ball by 5.0% in the third quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock valued at $1,277,000 after acquiring an additional 1,485 shares during the period. Aperio Group LLC lifted its holdings in Ball by 0.8% in the third quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock valued at $7,440,000 after acquiring an additional 1,492 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Ball by 63.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. 89.08% of the stock is owned by institutional investors.
BLL has been the subject of several recent analyst reports. Zacks Investment Research downgraded Ball from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Robert W. Baird raised their price target on Ball from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. KeyCorp downgraded Ball from a “sector weight” rating to an “underweight” rating and lowered their price target for the stock from $40.81 to $36.00 in a report on Friday, December 8th. They noted that the move was a valuation call. Vertical Research raised Ball from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, December 15th. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on Ball in a report on Monday, October 23rd. They issued a “buy” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.21.
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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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