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

New York State Teachers Retirement System decreased its position in shares of Ball Corporation (NYSE:BALL) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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’s holdings in Ball were worth $10,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BALL. GoalVest Advisory LLC acquired a new position in shares of Ball in the 4th quarter valued at approximately $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball during the 4th quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in shares of Ball during the 3rd quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new position in Ball in the fourth quarter valued at approximately $29,000. Finally, Harbour Investments Inc. increased its stake in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

Shares of NYSE:BALL opened at $63.35 on Monday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.24 and a beta of 0.98. The firm has a 50 day simple moving average of $57.83 and a 200 day simple moving average of $59.16.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share 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 company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts predict that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is 23.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. UBS Group reduced their target price on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Monday, May 18th. Wells Fargo & Company boosted their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.