Thrivent Financial for Lutherans Raises Stock Position in Ball Corporation $BALL

Thrivent Financial for Lutherans lifted its holdings in shares of Ball Corporation (NYSE:BALL) by 209.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,382 shares of the company’s stock after purchasing an additional 36,143 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ball were worth $2,994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BALL. Praxis Investment Management Inc. lifted its holdings in Ball by 1.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after buying an additional 180 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after acquiring an additional 205 shares during the period. Ethic Inc. raised its stake in shares of Ball by 0.6% in the second quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after acquiring an additional 205 shares in the last quarter. Seeds Investor LLC raised its stake in shares of Ball by 4.1% in the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares in the last quarter. Finally, Smith Moore & CO. boosted its holdings in Ball by 2.3% in the second quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock valued at $687,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock opened at $51.98 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $60.28. The firm’s 50 day moving average is $48.73 and its two-hundred day moving average is $52.12. The firm has a market capitalization of $13.93 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.11 and a beta of 1.13.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 32.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James Financial assumed coverage on Ball in a research report on Wednesday, October 15th. They issued a “market perform” rating on the stock. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Monday, November 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ball in a research note on Monday, December 15th. JPMorgan Chase & Co. lowered their price target on shares of Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Truist Financial reduced their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.92.

About Ball

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.