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

Representative Jefferson Shreve (R-Indiana) recently bought shares of Ball Co. NYSE: BALL. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Ball stock on March 5th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Ball Stock Up 0.8 %

Ball stock traded up $0.36 during midday trading on Friday, reaching $47.43. The company's stock had a trading volume of 5,596,373 shares, compared to its average volume of 2,119,153. Ball Co. has a 52-week low of $43.51 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. The stock has a market capitalization of $13.39 billion, a P/E ratio of 3.75, a PEG ratio of 1.24 and a beta of 1.01. The stock's 50-day simple moving average is $50.27 and its 200-day simple moving average is $55.80.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, sell-side analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball announced that its board has authorized a share buyback program on Wednesday, January 29th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the company to buy up to 24.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 1.69%. Ball's dividend payout ratio (DPR) is 6.32%.

Analyst Upgrades and Downgrades

BALL has been the topic of several research reports. Barclays decreased their price target on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Truist Financial reduced their price target on Ball from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, January 6th. UBS Group dropped their price target on shares of Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Mizuho reduced 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. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $49.00 target price (down previously from $56.00) on shares of Ball in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.30.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BALL. NBT Bank N A NY raised its holdings in shares of Ball by 183.2% in the 1st quarter. NBT Bank N A NY now owns 6,843 shares of the company's stock valued at $356,000 after purchasing an additional 4,427 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Ball by 20.2% during the 1st quarter. QRG Capital Management Inc. now owns 139,769 shares of the company's stock worth $7,278,000 after buying an additional 23,516 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Ball by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 545,872 shares of the company's stock worth $28,424,000 after buying an additional 44,764 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Ball by 11.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock worth $153,000 after acquiring an additional 307 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Ball in the 1st quarter valued at about $1,152,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

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.