Key Points
- CEO Kenneth Bockhorst bought 3,300 shares on Feb. 10 at an average price of $152.42 for a total of $502,986, bringing his direct ownership to 40,013 shares (an 8.99% increase).
- Badger Meter's most recent quarter showed an EPS of $1.14 versus a $1.15 consensus and revenue of $220.71M versus $232.30M expected, though revenue was up 7.6% year-over-year.
- The stock trades near $157 with a market cap of about $4.64B; analysts’ consensus rating is "Hold" with an average target of $181.88 and institutional investors owning roughly 89% of shares.
Badger Meter, Inc. (NYSE:BMI - Get Free Report) CEO Kenneth Bockhorst acquired 3,300 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was acquired at an average price of $152.42 per share, for a total transaction of $502,986.00. Following the purchase, the chief executive officer directly owned 40,013 shares of the company's stock, valued at approximately $6,098,781.46. This trade represents a 8.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Badger Meter Trading Up 2.8%
Shares of NYSE BMI opened at $157.33 on Thursday. The company has a market capitalization of $4.64 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.46 and a beta of 0.90. Badger Meter, Inc. has a 12 month low of $139.14 and a 12 month high of $256.08. The stock has a 50 day moving average of $170.42 and a 200-day moving average of $177.69.
Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.01). Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The business had revenue of $220.71 million for the quarter, compared to analyst estimates of $232.30 million. During the same period in the prior year, the business earned $1.04 EPS. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Argus lowered shares of Badger Meter from a "buy" rating to a "hold" rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Badger Meter in a research note on Wednesday, January 21st. Jefferies Financial Group lowered their price objective on Badger Meter from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $167.00 price objective on shares of Badger Meter in a report on Thursday, January 29th. Finally, Zacks Research lowered Badger Meter from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $181.88.
View Our Latest Report on Badger Meter
Institutional Investors Weigh In On Badger Meter
A number of large investors have recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Badger Meter during the 4th quarter worth $227,000. NewEdge Advisors LLC boosted its stake in shares of Badger Meter by 328.0% in the 1st quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company's stock valued at $717,000 after purchasing an additional 2,886 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of Badger Meter during the second quarter worth $260,000. Aberdeen Group plc bought a new stake in shares of Badger Meter in the 2nd quarter valued at about $27,884,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Badger Meter during the second quarter worth about $240,000. Institutional investors and hedge funds own 89.01% of the company's stock.
About Badger Meter
(
Get Free Report)
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company's core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company's product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
