Public Employees Retirement System of Ohio Buys Shares of 186,984 Ball Corporation $BALL

Public Employees Retirement System of Ohio bought a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, HoldingsChannel reports. The firm bought 186,984 shares of the company’s stock, valued at approximately $11,668,000.

A number of other large investors have also recently made changes to their positions in BALL. Brighton Jones LLC lifted its holdings in Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC grew its holdings in Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares in the last quarter. Empowered Funds LLC increased its position in shares of Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Ball during the second quarter valued at about $453,000. Finally, Jump Financial LLC purchased a new stake in shares of Ball in the second quarter worth about $696,000. 86.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of analyst reports. Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Citigroup lowered shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.58% of the company’s stock.

Ball Price Performance

Shares of Ball stock opened at $63.69 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $16.86 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The business’s 50-day moving average price is $62.71 and its 200-day moving average price is $61.17. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is 22.66%.

Ball 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.