Rep. Jefferson Shreve Purchases Shares of Ball Co. (NYSE:BALL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Ball Co. (NYSE:BALL). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Ball stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Ball Price Performance

Ball stock traded down $0.51 during midday trading on Wednesday, reaching $47.09. The company had a trading volume of 1,117,723 shares, compared to its average volume of 2,099,098. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. Ball Co. has a 12-month low of $43.51 and a 12-month high of $71.32. The company has a market capitalization of $13.30 billion, a P/E ratio of 3.72, a P/E/G ratio of 1.24 and a beta of 1.01. The firm’s fifty day simple moving average is $50.46 and its 200-day simple moving average is $56.21.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Ball’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Ball Co. will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 1.70%. Ball’s dividend payout ratio (DPR) is 6.32%.

Ball announced that its board has initiated a share repurchase plan on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 24.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Ball

A number of large investors have recently modified their holdings of BALL. MML Investors Services LLC raised its stake in Ball by 24.5% in the third quarter. MML Investors Services LLC now owns 20,190 shares of the company’s stock valued at $1,371,000 after buying an additional 3,974 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Ball by 8.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 93,339 shares of the company’s stock valued at $6,339,000 after purchasing an additional 6,963 shares in the last quarter. M&T Bank Corp raised its holdings in Ball by 44.2% during the third quarter. M&T Bank Corp now owns 63,538 shares of the company’s stock worth $4,315,000 after purchasing an additional 19,481 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Ball by 60.0% during the 3rd quarter. Toronto Dominion Bank now owns 151,156 shares of the company’s stock worth $10,265,000 after buying an additional 56,692 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of Ball by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,450 shares of the company’s stock valued at $642,000 after buying an additional 411 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BALL. Truist Financial dropped their price target on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. UBS Group decreased their price target on Ball from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Barclays reduced their price objective on shares of Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reduced their price target on shares of Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho lowered their price objective on shares of Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.30.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.