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

Posted by Tech Dows on Apr 15th, 2025

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 Trading Down 0.5 %

Shares of NYSE BALL traded down $0.26 during trading on Tuesday, hitting $48.54. 130,050 shares of the company were exchanged, compared to its average volume of 2,097,404. The company has a fifty day moving average price of $50.53 and a 200-day moving average price of $56.27. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. The firm has a market capitalization of $13.71 billion, a PE ratio of 3.83, a P/E/G ratio of 1.24 and a beta of 1.01. Ball Co. has a 12-month low of $43.51 and a 12-month high of $71.32.

Ball (NYSE:BALL – Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Ball’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball declared that its Board of Directors has approved a share buyback program on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 24.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. Ball’s dividend payout ratio (DPR) is presently 6.32%.

Institutional Investors Weigh In On Ball

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MML Investors Services LLC grew its holdings in shares of Ball by 24.5% during the third quarter. MML Investors Services LLC now owns 20,190 shares of the company’s stock worth $1,371,000 after purchasing an additional 3,974 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted 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 acquiring an additional 6,963 shares during the period. 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 during the last quarter. Toronto Dominion Bank increased its position in Ball by 60.0% during the third 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 in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Ball by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 9,450 shares of the company’s stock worth $642,000 after purchasing an additional 411 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup lowered their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. UBS Group decreased their target price on shares of Ball from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. 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 report on Monday, January 6th. Morgan Stanley lowered their price objective on shares of Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays cut their target price on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.20.

View Our Latest Analysis on BALL

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

(Get Free Report)

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.