Ball Co. (NYSE:BLL) Chairman John A. Hayes sold 17,920 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $71.51, for a total value of $1,281,459.20. Following the sale, the chairman now owns 452,190 shares in the company, valued at approximately $32,336,106.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of BLL stock opened at $71.93 on Friday. The stock has a market cap of $23.51 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 4.40 and a beta of 0.67. The business has a 50-day simple moving average of $65.72 and a 200-day simple moving average of $70.72. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 1.91. Ball Co. has a 52-week low of $48.81 and a 52-week high of $81.88.
Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.05 billion. Ball had a net margin of 4.82% and a return on equity of 22.86%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Sell-side analysts anticipate that Ball Co. will post 2.5 earnings per share for the current fiscal year.
Several research firms have weighed in on BLL. Vertical Research raised Ball from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Morgan Stanley reissued a “buy” rating and issued a $87.00 price objective on shares of Ball in a report on Wednesday, November 6th. Wells Fargo & Co reissued a “hold” rating on shares of Ball in a report on Friday, December 6th. ValuEngine cut Ball from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $85.00 price objective on shares of Ball in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $77.39.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLL. Nuveen Asset Management LLC raised its holdings in Ball by 3,691.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,669,736 shares of the industrial products company’s stock worth $186,855,000 after purchasing an additional 2,599,325 shares during the period. Macquarie Group Ltd. raised its holdings in Ball by 82.5% in the 2nd quarter. Macquarie Group Ltd. now owns 2,404,522 shares of the industrial products company’s stock worth $168,293,000 after purchasing an additional 1,087,134 shares during the period. BlackRock Inc. raised its holdings in Ball by 3.2% in the 2nd quarter. BlackRock Inc. now owns 22,850,210 shares of the industrial products company’s stock worth $1,599,286,000 after purchasing an additional 703,830 shares during the period. Nomura Holdings Inc. acquired a new position in Ball in the 3rd quarter worth about $31,197,000. Finally, Royal Bank of Canada raised its holdings in Ball by 166.6% in the 2nd quarter. Royal Bank of Canada now owns 639,212 shares of the industrial products company’s stock worth $44,738,000 after purchasing an additional 399,441 shares during the period. 81.63% of the stock is owned by institutional investors.
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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