Teacher Retirement System of Texas Takes $4.12 Million Position in Ball Corporation (NYSE:BALL)

Teacher Retirement System of Texas purchased a new stake in Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 79,190 shares of the company's stock, valued at approximately $4,123,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. WCM Investment Management LLC acquired a new stake in Ball during the first quarter worth about $224,000. Keybank National Association OH grew its position in Ball by 1.1% during the first quarter. Keybank National Association OH now owns 72,923 shares of the company's stock worth $3,797,000 after buying an additional 794 shares in the last quarter. Rossby Financial LCC acquired a new stake in Ball during the first quarter worth about $92,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Ball by 2.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,084 shares of the company's stock worth $1,879,000 after buying an additional 948 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Ball by 7.5% during the first quarter. Vontobel Holding Ltd. now owns 6,828 shares of the company's stock worth $356,000 after buying an additional 475 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

BALL traded up $0.38 during midday trading on Tuesday, reaching $58.79. 2,250,959 shares of the company's stock were exchanged, compared to its average volume of 2,720,422. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The business has a 50-day simple moving average of $54.30 and a two-hundred day simple moving average of $52.66.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $2.91 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Ball's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio (DPR) is currently 47.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BALL. Mizuho decreased their target price on Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Loop Capital decreased their target price on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Truist Financial decreased their target price on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada lifted their target price on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Citigroup raised their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ball has an average rating of "Moderate Buy" and a consensus target price of $61.40.

About Ball

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.