Ball Corporation $BALL Shares Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio increased its Ball Corporation stake by 16.1% in the first quarter, acquiring 22,617 additional shares and bringing its holdings to 163,194 shares valued at approximately $9.65 million.
• Ball reported first-quarter EPS of $0.94, exceeding the $0.85 consensus estimate, while revenue rose 16.3% year over year to $3.60 billion. The company also maintained a quarterly dividend of $0.20 per share, yielding about 1.2% annually.
• Analysts remain broadly positive, with 10 Buy ratings and three Hold ratings, producing a “Moderate Buy” consensus and an average price target of $70.85 versus the stock’s reported $64.75 price.

Public Employees Retirement System of Ohio increased its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,194 shares of the company's stock after buying an additional 22,617 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Ball worth $9,646,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BALL. Triumph Capital Management acquired a new position in shares of Ball in the third quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Ball in the fourth quarter valued at $29,000. Harbour Investments Inc. boosted its holdings in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock valued at $38,000 after purchasing an additional 222 shares during the period. Trust Co. of Vermont boosted its holdings in Ball by 297.0% in the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company's stock valued at $42,000 after purchasing an additional 600 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Ball during the 2nd quarter worth $46,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Performance

NYSE:BALL opened at $64.75 on Tuesday. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a market capitalization of $17.24 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. The business's fifty day moving average price is $58.91 and its 200 day moving average price is $60.22.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 1st. Ball's dividend payout ratio (DPR) is 23.12%.

Wall Street Analyst Weigh In

BALL has been the topic of several recent research reports. Citigroup cut their price target on Ball from $73.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Truist Financial boosted their price objective on Ball from $75.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upgraded shares of Ball from a "neutral" rating to an "overweight" rating and set a $60.00 target price on the stock in a research note on Monday, May 18th. Finally, Royal Bank Of Canada raised their target price on shares of Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.85.

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company's packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.

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