Badger Meter (NYSE:BMI) Issues Quarterly Earnings Results

Badger Meter (NYSE:BMI) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01, FiscalAI reports. The firm had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $220.59 million. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.

Badger Meter Stock Performance

Shares of BMI stock opened at $145.66 on Wednesday. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $228.66. The stock’s fifty day moving average price is $133.84 and its two-hundred day moving average price is $144.81. The company has a market cap of $4.25 billion, a PE ratio of 32.88, a P/E/G ratio of 2.66 and a beta of 0.64.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Badger Meter’s dividend payout ratio (DPR) is currently 36.12%.

Insider Activity at Badger Meter

In other Badger Meter news, EVP Robert Wrocklage purchased 1,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $122.35 per share, with a total value of $122,350.00. Following the acquisition, the executive vice president owned 23,321 shares of the company’s stock, valued at approximately $2,853,324.35. This represents a 4.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Badger Meter

Several large investors have recently bought and sold shares of BMI. Amundi grew its position in Badger Meter by 99.5% in the third quarter. Amundi now owns 401,668 shares of the scientific and technical instruments company’s stock valued at $72,203,000 after acquiring an additional 200,330 shares during the last quarter. Marshall Wace LLP raised its stake in Badger Meter by 3,540.4% during the third quarter. Marshall Wace LLP now owns 192,031 shares of the scientific and technical instruments company’s stock worth $34,293,000 after acquiring an additional 186,756 shares in the last quarter. UBS Group AG lifted its holdings in shares of Badger Meter by 95.2% in the third quarter. UBS Group AG now owns 376,697 shares of the scientific and technical instruments company’s stock worth $67,271,000 after acquiring an additional 183,755 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Badger Meter by 108.2% in the second quarter. Bank of America Corp DE now owns 342,099 shares of the scientific and technical instruments company’s stock worth $83,797,000 after acquiring an additional 177,781 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Badger Meter by 20.9% in the 3rd quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company’s stock valued at $173,262,000 after purchasing an additional 168,053 shares in the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Badger Meter

Here are the key news stories impacting Badger Meter this week:

• Negative Sentiment: Several law firms issued reminders about the August 3 lead-plaintiff deadline in the Badger Meter securities class action, reinforcing legal overhang and potential litigation costs for investors.
• Negative Sentiment: The class-action allegations claim Badger Meter failed to disclose weakening “short-cycle” demand, with one notice saying investors suffered significant losses as revenue disappointed versus earlier growth expectations.
• Neutral Sentiment: Investors are also watching for Badger Meter’s Q2 earnings, which could help clarify whether the company is stabilizing after the revenue concerns highlighted in the lawsuit. Article Title

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BMI. Weiss Ratings lowered Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Badger Meter in a research report on Thursday, May 21st. Robert W. Baird reduced their price objective on shares of Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Finally, Stifel Nicolaus set a $170.00 target price on shares of Badger Meter and gave the company a “buy” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.00.

About Badger Meter

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.