Rep. Jefferson Shreve Sells Ball Corporation (NYSE:BALL) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ball Corporation NYSE: BALL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Ball stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Ball Price Performance

BALL traded down $0.05 during trading on Monday, reaching $58.97. 278,820 shares of the company traded hands, compared to its average volume of 2,613,614. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The firm has a fifty day simple moving average of $56.05 and a 200 day simple moving average of $53.01. The company has a market cap of $16.36 billion, a P/E ratio of 35.07, a PEG ratio of 1.65 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period last year, the firm posted $0.68 earnings per share. Ball's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio (DPR) is currently 47.62%.

Institutional Trading of Ball

Institutional investors and hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management grew its stake 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 purchasing an additional 213 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the first quarter valued at about $32,000. Venturi Wealth Management LLC grew its stake in Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock valued at $37,000 after purchasing an additional 509 shares during the last quarter. Strengthening Families & Communities LLC grew its stake in Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in Ball in the first quarter valued at about $39,000. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Bank of America restated a "neutral" rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Truist Financial raised their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup raised their price target on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Loop Capital decreased their target price on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.64.

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.