Somewhat Positive Media Coverage Somewhat Unlikely to Impact Badger Meter (BMI) Stock Price

Media headlines about Badger Meter (NYSE:BMI) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Badger Meter earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 45.1710440359218 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities analysts recently commented on BMI shares. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a research note on Friday, October 6th. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Sidoti boosted their price objective on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price objective (down previously from $49.00) on shares of Badger Meter in a research note on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.50.

Shares of Badger Meter (NYSE:BMI) opened at $47.10 on Friday. Badger Meter has a 1 year low of $34.40 and a 1 year high of $52.10. The stock has a market cap of $1,378.47, a P/E ratio of 41.32 and a beta of 0.68.

Badger Meter (NYSE:BMI) last announced its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $102.86 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities analysts expect that Badger Meter will post 1.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.52 annualized dividend and a yield of 1.10%. Badger Meter’s payout ratio is presently 45.61%.

In other Badger Meter news, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the completion of the sale, the vice president now directly owns 7,609 shares in the company, valued at $346,970.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total transaction of $327,960.00. Following the sale, the chief financial officer now owns 105,976 shares of the company’s stock, valued at $4,827,206.80. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Badger Meter (NYSE:BMI)

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