VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Ball Corporation $BALL

Key Points

• Virginia Retirement Systems acquired 122,350 Ball shares worth approximately $7.6 million in the second quarter. Institutional investors collectively own 86.51% of the company.
• Ball reported quarterly EPS of $1.03, beating estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. Analysts expect full-year EPS of about $4.01.
• Ball’s shares opened at $61.00, down 2.7%, while the company declared a quarterly dividend of $0.20 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $71.69.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 122,350 shares of the company's stock, valued at approximately $7,635,000.

Other large investors have also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in Ball in the third quarter valued at approximately $26,000. Basecamp Wealth Advisors LLC lifted its stake in Ball by 135.0% in 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 last quarter. Gilpin Wealth Management LLC acquired a new position in Ball during the 4th quarter worth approximately $29,000. Ancora Advisors LLC acquired a new position in Ball during the 2nd quarter worth approximately $30,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Ball in the 2nd quarter valued at approximately $37,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by corporate insiders.

Ball Stock Down 2.7%

BALL stock opened at $61.00 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company's 50 day moving average is $62.93 and its two-hundred day moving average is $60.95. The stock has a market cap of $16.15 billion, a P/E ratio of 17.28, a PEG ratio of 1.21 and a beta of 0.95.

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

Ball Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BALL shares. Mizuho set a $72.00 price objective 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 research note on Tuesday, June 30th. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. UBS Group raised their price target on Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

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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