Rep. Jefferson Shreve Acquires Shares of Ball Co. (NYSE:BALL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Ball Co. NYSE: BALL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Ball stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Ball Trading Up 0.8 %

NYSE:BALL traded up $0.40 during trading hours on Friday, reaching $52.18. 1,711,318 shares of the stock were exchanged, compared to its average volume of 2,126,515. Ball Co. has a twelve month low of $43.51 and a twelve month high of $70.97. The business has a 50-day moving average of $50.26 and a two-hundred day moving average of $54.33. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 4.12, a PEG ratio of 1.24 and a beta of 1.10. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90.

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, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. Ball's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, equities analysts predict that Ball Co. will post 3.48 EPS for the current year.

Ball announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 29th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 24.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.53%. Ball's payout ratio is currently 6.32%.

Hedge Funds Weigh In On Ball

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BALL. Evermay Wealth Management LLC raised its holdings in Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after purchasing an additional 200 shares in the last quarter. Park Avenue Securities LLC raised its stake in Ball by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 10,082 shares of the company's stock worth $556,000 after acquiring an additional 210 shares in the last quarter. Picton Mahoney Asset Management lifted its position in Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after acquiring an additional 219 shares in the last quarter. Finally, Jag Capital Management LLC grew its holdings in shares of Ball by 1.0% during the fourth quarter. Jag Capital Management LLC now owns 26,729 shares of the company's stock worth $1,474,000 after purchasing an additional 271 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BALL. Robert W. Baird dropped their price objective on shares of Ball from $70.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Loop Capital dropped their price target on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays decreased their target price on Ball from $72.00 to $61.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Morgan Stanley cut their price target on Ball from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price objective on Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ball has a consensus rating of "Moderate Buy" and an average target price of $61.40.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Ball Company Profile

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.

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