Shares of Badger Meter, Inc. (NYSE:BMI) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $52.25.
A number of research firms have recently weighed in on BMI. Zacks Investment Research raised Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their target price on Badger Meter from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th.
BMI stock traded up $0.45 during midday trading on Wednesday, reaching $55.99. 123,997 shares of the company were exchanged, compared to its average volume of 139,456. Badger Meter has a one year low of $44.10 and a one year high of $61.57. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 36.36 and a beta of 0.77.
Badger Meter (NYSE:BMI) last released its quarterly earnings data on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Badger Meter had a net margin of 7.17% and a return on equity of 16.13%. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $111.47 million. During the same period in the previous year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts expect that Badger Meter will post 1.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 30th. Badger Meter’s dividend payout ratio is currently 38.96%.
In other news, VP Horst Gras sold 2,083 shares of Badger Meter stock in a transaction on Friday, May 31st. The stock was sold at an average price of $52.29, for a total transaction of $108,920.07. Following the completion of the sale, the vice president now owns 483 shares of the company’s stock, valued at $25,256.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raymond G. Serdynski sold 6,703 shares of Badger Meter stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $56.53, for a total value of $378,920.59. Following the sale, the vice president now directly owns 10,045 shares of the company’s stock, valued at approximately $567,843.85. The disclosure for this sale can be found here. Insiders have sold 17,959 shares of company stock valued at $998,264 in the last three months. Insiders own 2.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Badger Meter by 182.8% during the first quarter. Advisory Services Network LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 309 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $28,000. Bruderman Asset Management LLC acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $50,000. Quantamental Technologies LLC acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $61,000. Finally, BlueMountain Capital Management LLC acquired a new position in shares of Badger Meter during the 1st quarter worth approximately $70,000. 83.24% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: How does the Beige Book influence monetary policy?
Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.