Badger Meter, Inc. (BMI) Receives Consensus Rating of “Hold” from Brokerages

Badger Meter, Inc. (NYSE:BMI) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $51.60.

A number of brokerages have recently issued reports on BMI. Robert W. Baird boosted their price objective on shares of Badger Meter from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Stifel Nicolaus cut their price objective on shares of Badger Meter from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, January 18th.

Shares of Badger Meter (NYSE:BMI) opened at $48.85 on Thursday. The firm has a market cap of $1,400.00, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 2.02 and a beta of 0.64. Badger Meter has a 12 month low of $34.40 and a 12 month high of $52.10.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The firm had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts expect that Badger Meter will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, February 27th. Badger Meter’s payout ratio is 43.70%.

In related news, CFO Richard E. Johnson sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the transaction, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Fred J. Begale sold 2,000 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Badger Meter by 3.5% in the 4th quarter. BlackRock Inc. now owns 3,679,398 shares of the scientific and technical instruments company’s stock worth $175,875,000 after buying an additional 124,253 shares during the period. Vanguard Group Inc. boosted its holdings in Badger Meter by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock worth $112,703,000 after buying an additional 33,137 shares during the period. Impax Asset Management LTD boosted its holdings in Badger Meter by 24.7% in the 4th quarter. Impax Asset Management LTD now owns 1,181,774 shares of the scientific and technical instruments company’s stock worth $56,489,000 after buying an additional 234,026 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Badger Meter by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock worth $44,926,000 after buying an additional 10,712 shares during the period. Finally, State Street Corp boosted its holdings in Badger Meter by 4.7% in the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock worth $28,513,000 after buying an additional 32,322 shares during the period. 84.14% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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