Badger Meter, Inc. (NYSE:BMI) VP Richard E. Johnson sold 5,854 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $59.15, for a total transaction of $346,264.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NYSE:BMI traded down $0.17 during trading hours on Monday, reaching $59.22. The company had a trading volume of 134,474 shares, compared to its average volume of 106,316. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 3.82 and a beta of 0.79. Badger Meter, Inc. has a twelve month low of $41.00 and a twelve month high of $59.98.
Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, February 5th. The scientific and technical instruments company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $104.40 million during the quarter, compared to analysts’ expectations of $103.54 million. Badger Meter had a net margin of 6.41% and a return on equity of 15.39%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. On average, research analysts forecast that Badger Meter, Inc. will post 1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, February 27th. Badger Meter’s payout ratio is 38.96%.
A number of research firms have commented on BMI. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 18th. Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a report on Tuesday, February 5th. Berenberg Bank upgraded shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, Maxim Group restated a “buy” rating and issued a $65.00 price target on shares of Badger Meter in a report on Monday, January 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Badger Meter currently has an average rating of “Hold” and a consensus target price of $50.33.
A number of large investors have recently bought and sold shares of the business. Intercontinental Wealth Advisors LLC acquired a new position in shares of Badger Meter during the fourth quarter valued at about $28,000. Bruderman Asset Management LLC acquired a new position in shares of Badger Meter during the fourth quarter valued at about $50,000. Clean Yield Group acquired a new position in shares of Badger Meter during the fourth quarter valued at about $59,000. Quantamental Technologies LLC acquired a new position in shares of Badger Meter during the fourth quarter valued at about $61,000. Finally, ETF Managers Group LLC grew its holdings in shares of Badger Meter by 17.3% during the fourth quarter. ETF Managers Group LLC now owns 2,770 shares of the scientific and technical instruments company’s stock valued at $136,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.
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Badger Meter Company Profile
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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