Shares of Badger Meter, Inc. (NYSE:BMI) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $51.60.
Several equities analysts recently issued reports on BMI shares. Zacks Investment Research upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Badger Meter in a research report on Thursday, December 14th. Finally, Robert W. Baird raised their price target on Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th.
Badger Meter (NYSE:BMI) traded up $0.40 on Thursday, reaching $49.85. The company had a trading volume of 130,468 shares, compared to its average volume of 132,161. Badger Meter has a fifty-two week low of $34.40 and a fifty-two week high of $52.10. The company has a market cap of $1,439.61, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.
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, topping the consensus estimate of $0.24 by $0.01. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The business had revenue of $96.65 million for the quarter, compared to analyst estimates of $98.08 million. During the same period last year, the company earned $0.21 EPS. Badger Meter’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities analysts anticipate that Badger Meter will post 1.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.52 annualized dividend and a yield of 1.04%. Badger Meter’s payout ratio is 44.07%.
In other news, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total value of $327,960.00. Following 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 filing with the SEC, which is available through this link. Also, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the sale, the vice president now owns 7,609 shares in the company, valued at $346,970.40. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. BRYN MAWR TRUST Co grew its position in shares of Badger Meter by 2.5% in the 4th quarter. BRYN MAWR TRUST Co now owns 123,765 shares of the scientific and technical instruments company’s stock worth $5,916,000 after buying an additional 3,038 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Badger Meter in the 4th quarter worth approximately $652,000. BB&T Securities LLC grew its position in shares of Badger Meter by 8.7% in the 4th quarter. BB&T Securities LLC now owns 17,320 shares of the scientific and technical instruments company’s stock worth $827,000 after buying an additional 1,382 shares during the last quarter. Zeke Capital Advisors LLC grew its position in shares of Badger Meter by 11.6% in the 4th quarter. Zeke Capital Advisors LLC now owns 15,441 shares of the scientific and technical instruments company’s stock worth $738,000 after buying an additional 1,609 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Badger Meter by 61.7% in the 4th quarter. Millennium Management LLC now owns 31,901 shares of the scientific and technical instruments company’s stock worth $1,525,000 after buying an additional 12,171 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.
Badger Meter Company 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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