California State Teachers Retirement System Boosts Position in Ball Corporation $BALL

California State Teachers Retirement System grew its stake in shares of Ball Corporation (NYSE:BALL) by 9,817.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 29,655,974 shares of the company’s stock after acquiring an additional 29,356,935 shares during the period. California State Teachers Retirement System owned about 0.11% of Ball worth $1,850,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BALL. BlackRock Inc. purchased a new position in shares of Ball during the 2nd quarter valued at $1,310,991,000. Price T Rowe Associates Inc. MD raised its position in shares of Ball by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after buying an additional 999,690 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Ball by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock worth $382,742,000 after buying an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ball by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after buying an additional 340,677 shares during the period. Finally, Boston Partners boosted its stake in Ball by 24.2% during the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after buying an additional 922,747 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BALL has been the topic of a number of research analyst reports. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Insider Activity

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

Ball Price Performance

Shares of Ball stock opened at $60.00 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The business’s 50 day simple moving average is $62.76 and its two-hundred day simple moving average is $60.86. The stock has a market capitalization of $15.88 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio is currently 22.66%.

Ball Profile

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.