Ball Co. (NYSE:BALL) Position Boosted by Hengehold Capital Management LLC

Hengehold Capital Management LLC raised its position in shares of Ball Co. (NYSE:BALL) by 63.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,088 shares of the company’s stock after purchasing an additional 1,983 shares during the quarter. Hengehold Capital Management LLC’s holdings in Ball were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BALL. Moors & Cabot Inc. boosted its position in Ball by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock valued at $302,000 after purchasing an additional 192 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Ball by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock valued at $1,147,000 after acquiring an additional 199 shares during the period. Park Avenue Securities LLC grew its position in shares of Ball by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock worth $556,000 after acquiring an additional 210 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Ball by 7.6% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after acquiring an additional 215 shares during the period. Finally, Empirical Finance LLC lifted its position in Ball by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after purchasing an additional 216 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

BALL opened at $55.20 on Friday. The stock’s 50 day simple moving average is $57.30 and its 200-day simple moving average is $61.48. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market cap of $16.47 billion, a PE ratio of 4.16, a P/E/G ratio of 1.37 and a beta of 0.93. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. Sell-side analysts forecast that Ball Co. will post 3.15 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on BALL. Wells Fargo & Company restated an “underweight” rating and issued a $49.00 price target (down previously from $56.00) on shares of Ball in a research note on Thursday, January 16th. Citigroup lowered their target price on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Truist Financial reduced their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday, November 4th. Finally, Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.