Teacher Retirement System of Texas bought a new position in Badger Meter, Inc. (NYSE:BMI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,032 shares of the scientific and technical instruments company’s stock, valued at approximately $480,000.
Several other institutional investors and hedge funds also recently modified their holdings of BMI. Sei Investments Co. increased its stake in shares of Badger Meter by 30,007.4% in the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock worth $203,000 after acquiring an additional 16,204 shares during the last quarter. Appleton Group LLC acquired a new stake in shares of Badger Meter in the 4th quarter worth $203,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Badger Meter in the 3rd quarter worth $221,000. Bluestein R H & Co. acquired a new stake in shares of Badger Meter in the 3rd quarter worth $245,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Badger Meter in the 3rd quarter worth $267,000. 86.22% of the stock is owned by institutional investors and hedge funds.
In related news, Director Gale E. Klappa sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.16, for a total transaction of $601,920.00. Following the completion of the transaction, the director now directly owns 27,723 shares in the company, valued at approximately $1,390,585.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard A. Meeusen sold 13,130 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $48.78, for a total value of $640,481.40. Following the transaction, the chairman now owns 105,992 shares of the company’s stock, valued at $5,170,289.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,053 shares of company stock valued at $1,635,279. Company insiders own 4.50% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Badger Meter from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Canaccord Genuity cut Badger Meter from a “hold” rating to a “sell” rating and lowered their price target for the stock from $48.00 to $42.00 in a report on Tuesday, February 27th. Robert W. Baird increased their price target on Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.00.
Badger Meter, Inc. (BMI) opened at $48.50 on Friday. The firm has a market capitalization of $1,420.65, a price-to-earnings ratio of 41.10, a PEG ratio of 1.99 and a beta of 0.63. Badger Meter, Inc. has a twelve month low of $35.10 and a twelve month high of $52.10.
Badger Meter (NYSE:BMI) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. analysts expect that Badger Meter, Inc. will post 1.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 27th. Badger Meter’s dividend payout ratio is presently 44.07%.
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Badger Meter Profile
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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