Insider Selling: Ronald Dix Sells 1,027 Shares of Badger Meter Stock (BMI)
Badger Meter (NYSE:BMI) Insider Ronald Dix sold 1,027 shares of the stock on the open market in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $45.03, for a total value of $46,245.81. Following the completion of the sale, the insider now directly owns 90,000 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Badger Meter (NYSE:BMI) traded up 0.33% during mid-day trading on Tuesday, hitting $46.491. The stock had a trading volume of 4,398 shares. Badger Meter has a 52-week low of $35.29 and a 52-week high of $54.28. The stock’s 50-day moving average is $47.51 and its 200-day moving average is $47.47. The company has a market cap of $668.0 million and a price-to-earnings ratio of 28.12.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Friday, July 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.05. The company had revenue of $88.30 million for the quarter, compared to the consensus estimate of $86.00 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Badger Meter will post $1.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 28th. This is a boost from Badger Meter’s previous quarterly dividend of $0.17.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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