Insider Selling: Horst Gras Sells 1,400 Shares of Badger Meter Stock (BMI)
Badger Meter (NYSE:BMI) VP Horst Gras sold 1,400 shares of the company’s stock on the open market in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $50.28, for a total transaction of $70,392.00. Following the completion of the transaction, the vice president now directly owns 11,341 shares of the company’s stock, valued at approximately $570,225. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
BMI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Badger Meter in a research note on Monday, April 21st. They now have a $53.00 price target on the stock. Analysts at Robert W. Baird upgraded shares of Badger Meter from a “neutral” rating to an “outperform” rating in a research note on Monday, April 21st. They now have a $57.00 price target on the stock, up previously from $54.00.
Badger Meter (NYSE:BMI) traded down 0.71% on Friday, hitting $49.28. The stock had a trading volume of 8,150 shares. Badger Meter has a 52-week low of $42.67 and a 52-week high of $56.96. The stock’s 50-day moving average is $50.21 and its 200-day moving average is $52.53. The company has a market cap of $711.6 million and a P/E ratio of 27.31.
Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.09. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $82.11 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts expect that Badger Meter will post $2.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, May 28th.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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