Louisiana State Employees Retirement System Invests $810,000 in Ball Corporation $BALL

Louisiana State Employees Retirement System acquired a new position in shares of Ball Corporation (NYSE:BALL) in the first quarter, Holdings Channel reports. The firm acquired 13,700 shares of the company’s stock, valued at approximately $810,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in Ball by 58.7% during the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after buying an additional 97,264 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after acquiring an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP acquired a new stake in shares of Ball in the fourth quarter worth $26,485,000. AIA Group Ltd acquired a new stake in shares of Ball in the third quarter worth $618,000. Finally, First Merchants Corp raised its holdings in shares of Ball by 125.9% during the fourth quarter. First Merchants Corp now owns 75,609 shares of the company’s stock worth $4,005,000 after purchasing an additional 42,134 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

BALL opened at $63.35 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a fifty day moving average price of $57.83 and a 200 day moving average price of $59.16. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market cap of $16.87 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.24 and a beta of 0.98.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, May 18th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. Finally, Citigroup lowered their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

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.