Louisiana State Employees Retirement System Invests $1.10 Million in Ball Co. (NYSE:BALL)

Louisiana State Employees Retirement System acquired a new position in Ball Co. (NYSE:BALL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,100 shares of the company’s stock, valued at approximately $1,099,000.

Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in shares of Ball by 80.4% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. NBC Securities Inc. bought a new stake in Ball during the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC bought a new stake in Ball during the 3rd quarter worth approximately $31,000. Friedenthal Financial bought a new stake in Ball during the 4th quarter worth approximately $43,000. Finally, Castleview Partners LLC bought a new stake in Ball during the 3rd quarter worth approximately $46,000. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Ball from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $61.00 to $74.00 in a research note on Tuesday, February 20th. Mizuho increased their price objective on shares of Ball to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Barclays reaffirmed an “equal weight” rating and set a $71.00 price objective (up from $66.00) on shares of Ball in a report on Thursday, April 4th. Wolfe Research began coverage on shares of Ball in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Truist Financial reaffirmed a “hold” rating and set a $60.00 price objective on shares of Ball in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.58.

Insider Buying and Selling at Ball

In other news, insider Daniel William Fisher acquired 3,869 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the transaction, the insider now directly owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

Ball Trading Up 0.1 %

BALL stock opened at $65.50 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. Ball Co. has a twelve month low of $42.81 and a twelve month high of $67.97. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89. The firm’s fifty day simple moving average is $64.84 and its two-hundred day simple moving average is $57.68.

Ball (NYSE:BALL) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Ball had a net margin of 5.04% and a return on equity of 23.81%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Ball Co. will post 3.09 earnings per share for the current year.

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.