Teacher Retirement System of Texas Sells 31,649 Shares of Ball Corporation $BALL

Teacher Retirement System of Texas reduced its position in shares of Ball Corporation (NYSE:BALL) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,709 shares of the company’s stock after selling 31,649 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Ball worth $8,355,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BALL. iA Global Asset Management Inc. boosted its holdings in shares of Ball by 73.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 16,386 shares of the company’s stock valued at $826,000 after acquiring an additional 6,912 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in Ball in the 3rd quarter worth about $464,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Ball by 3.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 263,456 shares of the company’s stock valued at $13,283,000 after purchasing an additional 9,011 shares during the last quarter. Bank of Stockton boosted its stake in shares of Ball by 8.4% during the third quarter. Bank of Stockton now owns 6,617 shares of the company’s stock valued at $334,000 after purchasing an additional 513 shares in the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of Ball during the third quarter valued at about $355,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BALL shares. Truist Financial upped their price objective on Ball from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup raised shares of Ball from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $54.00 to $67.00 in a report on Tuesday, January 6th. Morgan Stanley set a $63.00 price target on shares of Ball and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $67.00 price target on shares of Ball in a report on Thursday, January 15th. Finally, Mizuho decreased their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average target price of $62.83.

Ball Price Performance

Shares of NYSE:BALL opened at $57.38 on Monday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28. The firm has a market capitalization of $15.38 billion, a PE ratio of 23.33, a P/E/G ratio of 1.13 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $51.86 and a two-hundred day moving average price of $51.77.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Ball’s revenue for the quarter was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio is currently 32.52%.

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.