Badger Meter, Inc. (NYSE:BMI – Get Free Report) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $164.00.
BMI has been the topic of several research reports. Seaport Research Partners set a $160.00 target price on Badger Meter in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Badger Meter from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Zacks Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Royal Bank Of Canada reduced their target price on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $170.00 price target on shares of Badger Meter and gave the stock a “buy” rating in a research note on Monday, July 20th.
Read Our Latest Stock Analysis on Badger Meter
Insiders Place Their Bets
Hedge Funds Weigh In On Badger Meter
Several hedge funds have recently bought and sold shares of BMI. Caitong International Asset Management Co. Ltd grew its holdings in shares of Badger Meter by 76.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in Badger Meter during the 4th quarter worth approximately $27,000. Public Employees Retirement System of Ohio acquired a new stake in Badger Meter during the 2nd quarter worth approximately $27,000. Dunhill Financial LLC purchased a new position in Badger Meter in the 2nd quarter valued at approximately $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in Badger Meter in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.01% of the company’s stock.
Badger Meter Stock Down 2.9%
BMI stock opened at $132.14 on Friday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 30.87, a P/E/G ratio of 3.27 and a beta of 0.65. The firm has a 50-day simple moving average of $137.43 and a 200-day simple moving average of $137.99. Badger Meter has a 52 week low of $112.09 and a 52 week high of $204.00.
Badger Meter (NYSE:BMI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The firm had revenue of $220.30 million for the quarter, compared to analyst estimates of $220.59 million. During the same period last year, the company posted $1.17 EPS. Badger Meter’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts expect that Badger Meter will post 4.5 earnings per share for the current year.
Badger Meter Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.44 dividend. This is an increase from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 28th. Badger Meter’s payout ratio is currently 41.12%.
Badger Meter Company Profile
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.
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