Badger Meter, Inc. (NYSE:BMI) Stock Has Consensus Price Target of $162.00 According to Brokerages

Badger Meter, Inc. (NYSE:BMI) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $162.00.

BMI has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised Badger Meter from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Barclays reiterated an “underweight” rating and issued a $112.00 price target (up from $109.00) on shares of Badger Meter in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada lowered their price objective on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd.

Insider Activity

In other Badger Meter news, VP Edward Callahan purchased 751 shares of Badger Meter stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $135.25 per share, with a total value of $101,572.75. Following the transaction, the vice president directly owned 1,937 shares of the company’s stock, valued at $261,979.25. This trade represents a 63.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Badger Meter

A number of institutional investors have recently bought and sold shares of BMI. Benjamin Edwards Inc. raised its stake in shares of Badger Meter by 2.4% during the second quarter. Benjamin Edwards Inc. now owns 3,680 shares of the scientific and technical instruments company’s stock valued at $546,000 after purchasing an additional 88 shares during the period. Values First Advisors Inc. lifted its holdings in Badger Meter by 1.3% in the 1st quarter. Values First Advisors Inc. now owns 7,216 shares of the scientific and technical instruments company’s stock worth $1,099,000 after buying an additional 91 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Badger Meter by 212.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 181 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Badger Meter in the second quarter worth about $27,000. Finally, Dunhill Financial LLC acquired a new position in shares of Badger Meter in the second quarter worth about $28,000. 89.01% of the stock is owned by institutional investors.

Badger Meter Price Performance

NYSE:BMI opened at $124.17 on Thursday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 29.01, a PEG ratio of 3.05 and a beta of 0.64. Badger Meter has a one year low of $112.09 and a one year high of $204.00. The company’s 50-day simple moving average is $131.25 and its 200 day simple moving average is $133.95.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The company had revenue of $220.30 million for the quarter, compared to the consensus estimate of $220.59 million. During the same quarter in the prior year, the business posted $1.17 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that Badger Meter will post 4.5 earnings per share for the current fiscal year.

Badger Meter Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 28th. This is an increase from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.4%. Badger Meter’s dividend payout ratio is presently 41.12%.

About Badger Meter

Badger Meter, Inc is a Milwaukee, Wisconsin-based manufacturer of flow measurement, control and communications solutions. The company primarily serves the water industry, providing technologies that help utilities and other customers measure, manage and monitor the use and movement of water.

Its products include ultrasonic, electromagnetic and mechanical water meters, as well as flow instrumentation and related control equipment. Badger Meter also offers advanced metering infrastructure and remote monitoring solutions, including its ORION and BEACON platforms, which support automated meter reading, data collection, leak detection and utility management.

Founded in 1905, Badger Meter serves municipal water utilities, commercial and industrial customers, and other water-related markets in North America and internationally.