Tocqueville Asset Management L.P. Buys 2,120 Shares of Ball Co. (NYSE:BALL)

Tocqueville Asset Management L.P. increased its stake in shares of Ball Co. (NYSE:BALL) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,815 shares of the company’s stock after acquiring an additional 2,120 shares during the period. Tocqueville Asset Management L.P.’s holdings in Ball were worth $2,581,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BALL. GSA Capital Partners LLP increased its position in shares of Ball by 6.8% during the 3rd quarter. GSA Capital Partners LLP now owns 9,519 shares of the company’s stock worth $646,000 after purchasing an additional 608 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Ball by 7.5% in the third quarter. Empowered Funds LLC now owns 5,031 shares of the company’s stock valued at $342,000 after buying an additional 350 shares in the last quarter. Natixis Advisors LLC increased its holdings in Ball by 13.1% during the third quarter. Natixis Advisors LLC now owns 216,338 shares of the company’s stock worth $14,692,000 after buying an additional 25,048 shares during the last quarter. Quest Partners LLC raised its position in Ball by 3.8% during the third quarter. Quest Partners LLC now owns 11,662 shares of the company’s stock worth $792,000 after acquiring an additional 432 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its position in shares of Ball by 10.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,619 shares of the company’s stock valued at $653,000 after acquiring an additional 901 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BALL shares. Robert W. Baird dropped their target price on shares of Ball from $70.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Barclays dropped their price objective on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Truist Financial reduced their target price on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada dropped their price target on Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.64.

Ball Stock Down 0.9 %

BALL stock opened at $51.82 on Wednesday. The business’s fifty day moving average price is $52.57 and its two-hundred day moving average price is $58.62. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 1.24 and a beta of 0.99. Ball Co. has a fifty-two week low of $48.95 and a fifty-two week high of $71.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.92 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. Ball’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. On average, equities analysts anticipate that Ball Co. will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Ball’s dividend payout ratio (DPR) is currently 6.32%.

Ball declared that its board has approved a share buyback program on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 24.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.