Entropy Technologies LP Buys 47,367 Shares of Ball Corporation $BALL

Entropy Technologies LP raised its stake in shares of Ball Corporation (NYSE:BALL) by 67.9% during the first quarter, HoldingsChannel reports. The firm owned 117,131 shares of the company’s stock after buying an additional 47,367 shares during the quarter. Entropy Technologies LP’s holdings in Ball were worth $6,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Triumph Capital Management purchased a new stake in Ball during the 3rd quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in Ball during the fourth quarter worth $29,000. Harbour Investments Inc. increased its position in Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the last quarter. Trust Co. of Vermont increased its position in Ball by 297.0% during the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after acquiring an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Ball in the second quarter valued at $46,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of NYSE:BALL opened at $63.84 on Friday. The firm’s 50 day simple moving average is $58.74 and its 200-day simple moving average is $60.11. 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 Corporation has a one year low of $44.83 and a one year high of $68.29. The firm has a market cap of $17.00 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio is currently 23.12%.

Analysts Set New Price Targets

BALL has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a report on Monday, May 18th. Truist Financial increased their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Wells Fargo & Company boosted their target price on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Bank of America upped their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Ten 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 has an average rating of “Moderate Buy” and an average target price of $70.85.

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.