Badger Meter (NYSE:BMI) had its target price hoisted by Robert W. Baird from $45.00 to $48.00 in a research report sent to investors on Wednesday, February 7th. The firm currently has a neutral rating on the scientific and technical instruments company’s stock.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus reiterated a hold rating and set a $43.00 target price (down previously from $49.00) on shares of Badger Meter in a report on Tuesday, October 17th. Zacks Investment Research upgraded Badger Meter from a strong sell rating to a hold rating in a report on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Badger Meter has a consensus rating of Hold and an average price target of $51.60.
Badger Meter (BMI) traded down $0.05 during mid-day trading on Wednesday, reaching $49.65. The company’s stock had a trading volume of 16,174 shares, compared to its average volume of 129,241. The company has a market cap of $1,422.14, a PE ratio of 42.12, a PEG ratio of 2.05 and a beta of 0.64. Badger Meter has a 52-week low of $34.40 and a 52-week high of $52.10.
Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $96.65 million during the quarter, compared to analysts’ expectations of $98.08 million. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. research analysts anticipate that Badger Meter will post 1.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 27th. Badger Meter’s payout ratio is 44.07%.
In related news, CFO Richard E. Johnson sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now directly owns 105,976 shares in the company, valued at approximately $4,827,206.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the completion of the sale, the vice president now owns 7,609 shares of the company’s stock, valued at $346,970.40. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Rock Point Advisors LLC acquired a new stake in Badger Meter in the 3rd quarter valued at about $201,000. Appleton Group LLC acquired a new stake in Badger Meter in the 4th quarter valued at about $203,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Badger Meter in the 3rd quarter valued at about $221,000. Bluestein R H & Co. acquired a new stake in Badger Meter in the 3rd quarter valued at about $245,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Badger Meter in the 3rd quarter valued at about $267,000. Institutional investors and hedge funds own 84.14% of the company’s stock.
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About Badger Meter
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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