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

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 Stock Performance

NYSE:BALL traded up $0.36 on Friday, hitting $47.43. The stock had a trading volume of 5,596,373 shares, compared to its average volume of 2,116,731. Ball Co. has a 52-week low of $43.51 and a 52-week high of $71.32. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 3.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The business's 50-day simple moving average is $50.27 and its two-hundred day simple moving average is $55.87.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm earned $0.78 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Ball Co. will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. Ball's payout ratio is 6.32%.

Ball declared that its board has authorized a share repurchase plan on Wednesday, January 29th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 24.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Ball

A number of hedge funds have recently bought and sold shares of BALL. Picton Mahoney Asset Management boosted its stake in shares of Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after purchasing an additional 213 shares during the period. Venturi Wealth Management LLC raised its position in shares of Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after acquiring an additional 509 shares in the last quarter. Whipplewood Advisors LLC grew its stake in Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after buying an additional 719 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Ball in the 4th quarter valued at approximately $70,000. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Ball during the fourth quarter worth $76,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup decreased their target price on shares of Ball from $69.00 to $59.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada decreased their price target on Ball from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Barclays cut their target price on Ball from $72.00 to $61.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Truist Financial lowered their price target on Ball from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley reduced their price objective on shares of Ball from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ball has an average rating of "Moderate Buy" and an average target price 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 editor@ballotpedia.org 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.

Ball Company Profile

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.