Badger Meter (NYSE:BMI)‘s stock had its “hold” rating restated by equities researchers at Stifel Nicolaus in a report released on Thursday. They presently have a $45.00 price target on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price points to a potential downside of 4.15% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Badger Meter from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Robert W. Baird restated a “hold” rating and set a $44.00 target price on shares of Badger Meter in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Sidoti upped their target price on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of Badger Meter in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.50.

Shares of Badger Meter (NYSE:BMI) traded up $0.35 during mid-day trading on Thursday, reaching $46.95. 100,500 shares of the company’s stock traded hands, compared to its average volume of 126,474. The stock has a market cap of $1,356.64, a PE ratio of 40.88 and a beta of 0.67. Badger Meter has a 1-year low of $34.40 and a 1-year high of $52.10.

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

In related news, CFO Richard E. Johnson sold 7,200 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the sale, the chief financial officer now directly owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Fred J. Begale sold 2,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was 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 disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. First Personal Financial Services purchased a new stake in Badger Meter in the 2nd quarter worth about $119,000. SG Americas Securities LLC purchased a new stake in Badger Meter in the 2nd quarter worth about $140,000. Pinebridge Investments L.P. raised its position in Badger Meter by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock worth $153,000 after purchasing an additional 38 shares during the period. Rock Point Advisors LLC purchased a new stake in Badger Meter in the 3rd quarter worth about $201,000. Finally, Sei Investments Co. raised its position in Badger Meter by 30,007.4% in the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock worth $203,000 after purchasing an additional 16,204 shares during the period. 83.16% of the stock is currently owned by institutional investors.

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About Badger Meter

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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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