Annex Advisory Services LLC Has $2.74 Million Stake in Badger Meter, Inc. (NYSE:BMI)

Annex Advisory Services LLC grew its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 1,284.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,935 shares of the scientific and technical instruments company’s stock after buying an additional 12,001 shares during the period. Annex Advisory Services LLC’s holdings in Badger Meter were worth $2,744,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC increased its stake in Badger Meter by 4.5% during the third quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock valued at $357,000 after acquiring an additional 71 shares during the period. Bridges Investment Management Inc. bought a new stake in shares of Badger Meter during the second quarter valued at approximately $577,000. Geneva Partners LLC acquired a new position in shares of Badger Meter in the third quarter valued at $1,120,000. Susquehanna Fundamental Investments LLC lifted its position in Badger Meter by 72.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 19,783 shares of the scientific and technical instruments company’s stock worth $3,687,000 after purchasing an additional 8,298 shares during the period. Finally, Stifel Financial Corp boosted its stake in Badger Meter by 29.0% during the third quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company’s stock worth $2,615,000 after buying an additional 2,692 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

BMI has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird lifted their price objective on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Maxim Group upped their price objective on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Badger Meter has an average rating of “Hold” and an average price target of $216.00.

Badger Meter Trading Up 0.5 %

Shares of Badger Meter stock opened at $215.06 on Monday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 2.30 and a beta of 0.79. The firm’s 50-day moving average price is $218.65 and its two-hundred day moving average price is $209.81. Badger Meter, Inc. has a 1-year low of $139.50 and a 1-year high of $239.11.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The business had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts predict that Badger Meter, Inc. will post 4.19 EPS for the current year.

Badger Meter Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.63%. Badger Meter’s dividend payout ratio is 33.75%.

Badger Meter Profile

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.