Teachers Retirement System of The State of Kentucky Grows Stake in Ball Corporation $BALL

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Ball Corporation (NYSE:BALL) by 2,029.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 497,459 shares of the company’s stock after acquiring an additional 474,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ball were worth $29,404,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BALL. Price T Rowe Associates Inc. MD increased its position in shares of Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after purchasing an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Ball by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock worth $382,742,000 after buying an additional 266,238 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ball by 47.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after buying an additional 1,830,434 shares during the period. Boston Partners increased its position in Ball by 24.2% during the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after acquiring an additional 922,747 shares during the last quarter. Finally, Invesco Ltd. increased its position in Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after acquiring an additional 602,137 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Monday, May 18th. Truist Financial increased their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. UBS Group decreased their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.92.

Ball Stock Up 0.1%

NYSE:BALL opened at $61.74 on Monday. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The stock has a fifty day simple moving average of $57.86 and a 200-day simple moving average of $59.50.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 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 analysts’ expectations of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

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

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.