Key Points
- VP Fred Begale sold 2,064 shares on March 4 at an average price of $150, totaling $309,600, cutting his ownership by 40.44% to 3,040 shares (≈$456,000).
- Badger Meter missed quarterly expectations with EPS of $1.14 (vs. $1.15 est.) and revenue of $220.71M (vs. $232.30M est.), while analysts expect ~4.65 EPS for the fiscal year.
- The company declared a quarterly dividend of $0.40 (annualized $1.60, yield ≈1.1%, ex-dividend Feb 27); the stock traded near $146.80 and carries a MarketBeat consensus rating of "Hold" with an average target of $181.88.
Badger Meter, Inc. (NYSE:BMI - Get Free Report) VP Kimberly Stoll sold 1,634 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $149.01, for a total value of $243,482.34. Following the completion of the sale, the vice president directly owned 3,256 shares of the company's stock, valued at $485,176.56. The trade was a 33.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Badger Meter Stock Down 2.4%
NYSE:BMI traded down $3.56 on Thursday, hitting $145.55. The stock had a trading volume of 28,058 shares, compared to its average volume of 421,232. Badger Meter, Inc. has a 52 week low of $139.14 and a 52 week high of $256.08. The business's fifty day moving average is $162.88 and its 200 day moving average is $174.25. The company has a market cap of $4.25 billion, a PE ratio of 30.32, a P/E/G ratio of 2.39 and a beta of 0.87.
Badger Meter (NYSE:BMI - Get Free Report) last issued its earnings results on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by ($0.01). Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The firm had revenue of $220.71 million for the quarter, compared to analyst estimates of $232.30 million. During the same period in the previous year, the company earned $1.04 earnings per share. Badger Meter's revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.
Badger Meter Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Badger Meter's dividend payout ratio (DPR) is 33.33%.
Analyst Ratings Changes
BMI has been the topic of a number of analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Badger Meter in a report 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 for the company in a research note on Thursday, January 29th. JPMorgan Chase & Co. dropped their target price on Badger Meter from $232.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $167.00 target price on shares of Badger Meter in a research report on Thursday, January 29th. Finally, Argus lowered Badger Meter from a "buy" rating to a "hold" rating in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $181.88.
Check Out Our Latest Stock Analysis on BMI
Hedge Funds Weigh In On Badger Meter
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Badger Meter by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,979,893 shares of the scientific and technical instruments company's stock valued at $694,133,000 after acquiring an additional 19,585 shares during the last quarter. State Street Corp raised its stake in shares of Badger Meter by 1.4% during the 2nd quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company's stock worth $358,315,000 after purchasing an additional 20,122 shares during the period. Invesco Ltd. boosted its holdings in shares of Badger Meter by 20.9% in the 3rd quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company's stock worth $173,262,000 after buying an additional 168,053 shares during the last quarter. Geode Capital Management LLC grew its position in Badger Meter by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 876,854 shares of the scientific and technical instruments company's stock valued at $152,951,000 after buying an additional 4,035 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Badger Meter by 39.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company's stock worth $131,592,000 after buying an additional 212,448 shares during the last quarter. Hedge funds and other institutional investors 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.
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