Badger Meter (BMI) Receives $52.00 Consensus Price Target from Brokerages

Shares of Badger Meter (NYSE:BMI) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $52.00.

BMI has been the subject of several research reports. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, January 18th. Canaccord Genuity downgraded shares of Badger Meter from a “hold” rating to a “sell” rating and reduced their price target for the company from $48.00 to $42.00 in a research report on Tuesday, February 27th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Badger Meter in a research report on Thursday, December 14th. Robert W. Baird lifted their price target on shares of Badger Meter from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, ValuEngine raised shares of Badger Meter from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.

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NYSE BMI opened at $45.50 on Friday. Badger Meter has a 12-month low of $35.25 and a 12-month high of $52.10. The firm has a market capitalization of $1,324.58, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The business had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. During the same quarter last year, the firm posted $0.21 EPS. Badger Meter’s revenue was up 3.8% compared to the same quarter last year. equities analysts forecast that Badger Meter will post 1.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders 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 yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 27th. Badger Meter’s dividend payout ratio is 43.70%.

In other Badger Meter news, Chairman Richard A. Meeusen sold 13,130 shares of Badger Meter stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $48.78, for a total transaction of $640,481.40. Following the transaction, the chairman now directly owns 105,992 shares of the company’s stock, valued at approximately $5,170,289.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kimberly K. Stoll sold 1,834 shares of Badger Meter stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $48.78, for a total transaction of $89,462.52. Following the transaction, the vice president now directly owns 10,672 shares in the company, valued at $520,580.16. The disclosure for this sale can be found here. Insiders have sold a total of 35,093 shares of company stock worth $1,734,158 over the last ninety days. Insiders own 2.80% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Badger Meter by 3.5% in the 4th quarter. BlackRock Inc. now owns 3,679,398 shares of the scientific and technical instruments company’s stock worth $175,875,000 after buying an additional 124,253 shares during the last quarter. Impax Asset Management LTD boosted its holdings in shares of Badger Meter by 24.7% in the 4th quarter. Impax Asset Management LTD now owns 1,181,774 shares of the scientific and technical instruments company’s stock worth $56,489,000 after buying an additional 234,026 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Badger Meter by 16.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 666,590 shares of the scientific and technical instruments company’s stock worth $31,863,000 after buying an additional 94,609 shares during the last quarter. Rockefeller Financial Services Inc. boosted its holdings in shares of Badger Meter by 0.6% in the 4th quarter. Rockefeller Financial Services Inc. now owns 368,413 shares of the scientific and technical instruments company’s stock worth $17,610,000 after buying an additional 2,338 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Badger Meter by 29.9% in the 4th quarter. First Trust Advisors LP now owns 180,024 shares of the scientific and technical instruments company’s stock worth $8,605,000 after buying an additional 41,479 shares during the last quarter. 86.42% of the stock is currently owned by institutional investors.

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About Badger Meter

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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