Hengehold Capital Management LLC Raises Stake in Ball Co. (NYSE:BALL)

Hengehold Capital Management LLC lifted its stake in Ball Co. (NYSE:BALL) by 63.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,088 shares of the company’s stock after purchasing an additional 1,983 shares during the period. 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 recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in shares of Ball by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock worth $453,144,000 after acquiring an additional 309,587 shares in the last quarter. FMR LLC increased its position in shares of Ball by 15.4% in the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock valued at $300,065,000 after buying an additional 588,282 shares in the last quarter. Raymond James & Associates raised its stake in shares of Ball by 6.1% during the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock worth $116,864,000 after buying an additional 99,306 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ball by 458.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock worth $61,139,000 after buying an additional 836,293 shares in the last quarter. Finally, M&G PLC grew its stake in Ball by 5.2% in the 3rd quarter. M&G PLC now owns 790,137 shares of the company’s stock valued at $53,729,000 after acquiring an additional 38,714 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 1.6 %

NYSE BALL opened at $55.20 on Friday. The company’s fifty day simple moving average is $57.30 and its 200-day simple moving average is $61.48. The stock has a market cap of $16.47 billion, a P/E ratio of 4.16, a PEG ratio of 1.37 and a beta of 0.93. Ball Co. has a 52 week low of $51.96 and a 52 week high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Equities research analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on BALL shares. Morgan Stanley reduced their price target on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Ball in a research note on Monday, November 4th. Truist Financial lowered their price objective on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reiterated an “underweight” rating and set a $49.00 target price (down from $56.00) on shares of Ball in a research report on Thursday, January 16th. Finally, Citigroup lowered their price target on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.17.

Ball 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.