Kimberly K. Stoll Sells 2,830 Shares of Badger Meter, Inc. (NYSE:BMI) Stock
Badger Meter, Inc. (NYSE:BMI) VP Kimberly K. Stoll sold 2,830 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $45.01, for a total transaction of $127,378.30. Following the completion of the sale, the vice president now owns 12,223 shares of the company’s stock, valued at approximately $550,157.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Badger Meter, Inc. (NYSE BMI) remained flat at $45.05 on Thursday. 148,548 shares of the stock were exchanged. The stock has a 50-day moving average price of $40.77 and a 200-day moving average price of $38.27. The firm has a market cap of $1.30 billion, a P/E ratio of 38.18 and a beta of 0.54. Badger Meter, Inc. has a 52 week low of $29.30 and a 52 week high of $45.35.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $104.17 million during the quarter, compared to analyst estimates of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts forecast that Badger Meter, Inc. will post $1.29 EPS for the current fiscal year.
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A number of research analysts have issued reports on BMI shares. Zacks Investment Research cut shares of Badger Meter from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a report on Wednesday, May 24th. Sidoti reaffirmed a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Badger Meter in a report on Monday, June 19th. BidaskClub raised shares of Badger Meter from a “hold” rating to a “buy” rating in a report on Monday. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.00.
Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Badger Meter by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,210 shares of the scientific and technical instruments company’s stock worth $117,000 after buying an additional 60 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Badger Meter during the first quarter worth $135,000. Clean Yield Group bought a new stake in shares of Badger Meter during the first quarter worth $153,000. Victory Capital Management Inc. raised its stake in shares of Badger Meter by 33.2% in the first quarter. Victory Capital Management Inc. now owns 4,475 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 1,116 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of Badger Meter during the fourth quarter worth $187,000. 84.31% of the stock is owned by institutional investors.
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.
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