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

Louisiana State Employees Retirement System acquired a new stake in shares of Ball Corporation (NYSE:BALL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,700 shares of the company’s stock, valued at approximately $810,000.

Other hedge funds also recently bought and sold shares of the company. Meridian Wealth Management LLC lifted its position in shares of Ball by 2.7% during the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after purchasing an additional 165 shares during the last quarter. Western Wealth Management LLC grew its holdings in shares of Ball by 3.2% in the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock worth $358,000 after purchasing an additional 208 shares during the last quarter. Harbour Investments Inc. increased its stake in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. Patton Fund Management Inc. increased its stake in Ball by 5.7% in the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock worth $244,000 after buying an additional 248 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Ball by 26.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock valued at $81,000 after buying an additional 319 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Down 0.1%

NYSE: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. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a 50-day moving average of $57.83 and a 200 day moving average of $59.16. The firm has a market cap of $16.87 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’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. As a group, research analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. 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 dividend payout ratio (DPR) is presently 23.12%.

Analyst Ratings Changes

BALL has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Monday, May 18th. UBS Group reduced their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target for the company. Finally, Citigroup reduced their price objective on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

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.