Thrivent Financial for Lutherans Decreases Stock Holdings in Ball Corporation $BALL

Thrivent Financial for Lutherans lessened its stake in shares of Ball Corporation (NYSE:BALL) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,882 shares of the company’s stock after selling 17,500 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ball were worth $1,810,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its holdings in Ball by 145.0% in the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after buying an additional 805 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Ball during the 2nd quarter valued at $46,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ball in the 2nd quarter worth $47,000. Finally, IFP Advisors Inc grew its holdings in shares of Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after acquiring an additional 580 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

BALL opened at $67.42 on Thursday. The company has a 50 day simple moving average of $55.23 and a two-hundred day simple moving average of $52.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market cap of $18.07 billion, a P/E ratio of 20.31, a PEG ratio of 1.35 and a beta of 1.13. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio is 24.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BALL. Jefferies Financial Group increased their target price on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Morgan Stanley set a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Wells Fargo & Company upped their target price on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Profile

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.