Badger Meter, Inc. (NYSE:BMI) VP Fred J. Begale sold 2,000 shares of the 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 in the company, valued at approximately $346,970.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Badger Meter, Inc. (NYSE:BMI) traded up $0.50 during trading on Monday, hitting $46.25. The stock had a trading volume of 126,271 shares, compared to its average volume of 126,672. The firm has a market cap of $1,331.89, a PE ratio of 40.13 and a beta of 0.67. Badger Meter, Inc. has a 52-week low of $34.40 and a 52-week 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 Zacks’ consensus estimate of $0.35 by ($0.08). The business had revenue of $100.00 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.30 EPS. research analysts predict that Badger Meter, Inc. will post 1.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. Badger Meter’s payout ratio is 45.61%.
Several brokerages have issued reports on BMI. Robert W. Baird reaffirmed a “hold” rating and set a $44.00 target price on shares of Badger Meter in a research report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 target price (down previously from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th. Sidoti increased their target price on Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 target price on shares of Badger Meter in a research report on Friday, October 6th. Finally, Zacks Investment Research cut Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.00.
Several institutional investors have recently bought and sold shares of BMI. First Personal Financial Services purchased a new position in Badger Meter in the 2nd quarter worth $119,000. SG Americas Securities LLC purchased a new position in Badger Meter in the 2nd quarter worth $140,000. Pinebridge Investments L.P. raised its stake 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 acquiring an additional 38 shares during the last quarter. Rock Point Advisors LLC purchased a new position in Badger Meter in the 3rd quarter worth $201,000. Finally, Sei Investments Co. raised its stake 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 acquiring an additional 16,204 shares during the last quarter. 83.16% of the stock is owned by hedge funds and other 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.
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