New York State Teachers Retirement System Has $10.98 Million Position in Ball Corporation $BALL

New York State Teachers Retirement System cut its stake in Ball Corporation (NYSE:BALL) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,749 shares of the company’s stock after selling 19,300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Ball worth $10,980,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BALL. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Ball by 102.8% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,950 shares of the company’s stock valued at $4,962,000 after buying an additional 42,550 shares during the last quarter. Boston Trust Walden Corp lifted its position in Ball by 567.8% during the first quarter. Boston Trust Walden Corp now owns 659,491 shares of the company’s stock worth $38,983,000 after acquiring an additional 560,734 shares during the last quarter. Keybank National Association OH lifted its position in Ball by 12.5% during the first quarter. Keybank National Association OH now owns 54,246 shares of the company’s stock worth $3,206,000 after acquiring an additional 6,044 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Ball by 94.8% during the first quarter. Root Financial Partners LLC now owns 1,054 shares of the company’s stock worth $62,000 after acquiring an additional 513 shares during the period. Finally, Bayban bought a new stake in shares of Ball during the first quarter worth approximately $534,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BALL shares. Citigroup decreased their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Monday, May 18th. Wells Fargo & Company upped their price objective on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial set a $73.00 price objective on Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Performance

Shares of NYSE:BALL opened at $63.35 on Monday. The company’s 50 day moving average price is $57.83 and its two-hundred day moving average price is $59.16. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The firm has a market cap of $16.87 billion, a PE ratio of 18.31, a PEG ratio of 1.24 and a beta of 0.98. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25.

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

Ball Announces Dividend

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

About Ball

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.