Badger Meter, Inc. (NYSE:BMI) VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total value of $91,200.00. Following the sale, the vice president now directly owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Badger Meter, Inc. (NYSE:BMI) traded down $0.40 during mid-day trading on Friday, reaching $46.00. The company’s stock had a trading volume of 155,747 shares, compared to its average volume of 141,842. The company has a market cap of $1,350.82, a PE ratio of 40.70 and a beta of 0.67. Badger Meter, Inc. has a 1 year low of $34.40 and a 1 year high of $52.10.
Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $102.86 million. Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. sell-side analysts predict that Badger Meter, Inc. will post 1.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, November 29th. Badger Meter’s payout ratio is 45.61%.
Several hedge funds and other institutional investors have recently modified their holdings of BMI. First Personal Financial Services bought a new position in shares of Badger Meter in the second quarter worth $119,000. SG Americas Securities LLC bought a new position in shares of Badger Meter in the second quarter worth $140,000. Pinebridge Investments L.P. increased its position in shares of Badger Meter by 1.0% in the second 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 bought a new position in shares of Badger Meter in the third quarter worth $201,000. Finally, Sei Investments Co. increased its position in shares of Badger Meter by 30,007.4% in the third 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. Institutional investors own 82.99% of the company’s stock.
BMI has been the topic of several recent research reports. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a research report on Friday, October 6th. Zacks Investment Research cut Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Sidoti increased their price objective on Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird reiterated a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $43.00 price objective (down previously from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.00.
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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