Badger Meter Inc. (NYSE:BMI) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.88.
Separately, Zacks Investment Research cut Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th.
In other news, insider Ronald H. Dix sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $68.72, for a total transaction of $137,440.00. Following the completion of the sale, the insider now owns 28,300 shares in the company, valued at $1,944,776. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William R. A. Bergum sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $65.09, for a total value of $146,452.50. Following the sale, the vice president now owns 4,432 shares of the company’s stock, valued at approximately $288,478.88. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Capstone Asset Management Co. boosted its stake in shares of Badger Meter by 124.7% in the third quarter. Capstone Asset Management Co. now owns 10,996 shares of the company’s stock worth $368,000 after buying an additional 6,103 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Badger Meter by 333.4% in the third quarter. BNP Paribas Arbitrage SA now owns 20,177 shares of the company’s stock worth $676,000 after buying an additional 15,521 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Badger Meter during the second quarter worth about $208,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Badger Meter by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 50,069 shares of the company’s stock worth $3,657,000 after buying an additional 804 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Badger Meter during the second quarter worth about $431,000. Institutional investors own 39.81% of the company’s stock.
Badger Meter (NYSE:BMI) opened at 32.74 on Tuesday. The firm has a market capitalization of $952.64 million, a PE ratio of 30.31 and a beta of 0.63. The stock has a 50 day moving average price of $33.20 and a 200-day moving average price of $34.97. Badger Meter has a one year low of $26.40 and a one year high of $39.36.
Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.65 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The company earned $102.80 million during the quarter, compared to analysts’ expectations of $104.54 million. Badger Meter had a return on equity of 13.19% and a net margin of 7.81%. Badger Meter’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, equities analysts forecast that Badger Meter will post $1.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. This is a boost from Badger Meter’s previous quarterly dividend of $0.20. Badger Meter’s dividend payout ratio (DPR) is presently 42.59%.
Badger Meter Company Profile
Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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