Badger Meter (BMI) – Analysts’ Weekly Ratings Updates

Badger Meter (NYSE: BMI) recently received a number of ratings updates from brokerages and research firms:

• 4/19/2024 – Badger Meter had its price target raised by analysts at Robert W. Baird from $151.00 to $180.00. They now have a “neutral” rating on the stock.
• 4/19/2024 – Badger Meter had its price target raised by analysts at Stifel Nicolaus from $147.00 to $175.00. They now have a “hold” rating on the stock.
• 4/19/2024 – Badger Meter was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/19/2024 – Badger Meter had its price target raised by analysts at Maxim Group from $190.00 to $207.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Badger Meter was upgraded by analysts at Northcoast Research from a “sell” rating to a “neutral” rating.

Badger Meter Stock Performance

Shares of NYSE:BMI opened at $185.52 on Monday. The company has a market cap of $5.45 billion, a PE ratio of 53.46, a price-to-earnings-growth ratio of 3.06 and a beta of 0.86. Badger Meter, Inc. has a 52 week low of $130.75 and a 52 week high of $187.41. The firm has a 50 day simple moving average of $160.98 and a 200 day simple moving average of $152.38.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.82 by $0.17. The business had revenue of $196.80 million during the quarter, compared to the consensus estimate of $182.25 million. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. On average, equities analysts predict that Badger Meter, Inc. will post 3.89 earnings per share for the current year.

Badger Meter Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.58%. Badger Meter’s payout ratio is 31.12%.

Insiders Place Their Bets

In other Badger Meter news, VP Fred J. Begale sold 1,203 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $162.92, for a total value of $195,992.76. Following the completion of the sale, the vice president now owns 2,181 shares in the company, valued at approximately $355,328.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Badger Meter news, VP William R. A. Bergum sold 194 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $159.55, for a total value of $30,952.70. Following the completion of the sale, the vice president now owns 13,672 shares in the company, valued at approximately $2,181,367.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Fred J. Begale sold 1,203 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total transaction of $195,992.76. Following the completion of the sale, the vice president now owns 2,181 shares of the company’s stock, valued at approximately $355,328.52. The disclosure for this sale can be found here. Insiders sold a total of 2,813 shares of company stock worth $448,167 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Badger Meter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Badger Meter by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,651,786 shares of the scientific and technical instruments company’s stock worth $563,726,000 after buying an additional 37,517 shares in the last quarter. Invesco Ltd. increased its stake in shares of Badger Meter by 8.6% during the 3rd quarter. Invesco Ltd. now owns 1,024,305 shares of the scientific and technical instruments company’s stock worth $147,367,000 after purchasing an additional 80,979 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Badger Meter by 33.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 397,614 shares of the scientific and technical instruments company’s stock worth $61,380,000 after purchasing an additional 100,304 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Badger Meter by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 363,243 shares of the scientific and technical instruments company’s stock worth $52,260,000 after purchasing an additional 2,093 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Badger Meter by 29.8% during the 4th quarter. KBC Group NV now owns 324,720 shares of the scientific and technical instruments company’s stock worth $50,127,000 after purchasing an additional 74,578 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.