Public Employees Retirement System of Ohio Takes $11.67 Million Position in Ball Corporation $BALL

Key Points

• Public Employees Retirement System of Ohio acquired 186,984 Ball shares worth approximately $11.67 million, representing about 0.07% of the company. Institutional investors collectively own 86.51% of Ball.
• Ball reported quarterly earnings of $1.03 per share, beating estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. Analysts expect approximately $4.01 in full-year earnings per share.
• Ball declared a quarterly dividend of $0.20 per share, equal to an annualized $0.80 and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.69.

Public Employees Retirement System of Ohio acquired a new stake in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 186,984 shares of the company's stock, valued at approximately $11,668,000. Public Employees Retirement System of Ohio owned about 0.07% of Ball as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Ball during the third quarter valued at approximately $26,000. Basecamp Wealth Advisors LLC lifted its holdings in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after acquiring an additional 274 shares during the period. Gilpin Wealth Management LLC purchased a new position in Ball in the fourth quarter worth $29,000. Ancora Advisors LLC purchased a new position in Ball in the second quarter worth $30,000. Finally, Trust Co. of Vermont bought a new position in Ball in the 2nd quarter valued at $37,000. Institutional investors own 86.51% of the company's stock.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares of the company's stock, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by company insiders.

Ball Stock Performance

NYSE:BALL opened at $63.69 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The business has a fifty day simple moving average of $62.71 and a two-hundred day simple moving average of $61.17. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a market capitalization of $16.86 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.22 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts expect that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball's payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. restated a "neutral" rating and set a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Mizuho set a $72.00 price objective on shares of Ball in a report on Wednesday, August 5th. Finally, Citigroup lowered shares of Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.69.

Ball Company Profile

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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