Badger Meter, Inc. (NYSE:BMI) Chairman Richard A. Meeusen sold 16,500 shares of Badger Meter stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $44.61, for a total value of $736,065.00. Following the completion of the transaction, the chairman now owns 164,620 shares of the company’s stock, valued at approximately $7,343,698.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Badger Meter, Inc. (NYSE BMI) traded up 0.45% on Friday, hitting $44.20. The company’s stock had a trading volume of 115,288 shares. Badger Meter, Inc. has a one year low of $29.30 and a one year high of $46.85. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 37.46 and a beta of 0.56. The stock has a 50-day moving average price of $42.99 and a 200 day moving average price of $39.05.
Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $104.17 million during the quarter, compared to analysts’ expectations of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Equities research analysts predict that Badger Meter, Inc. will post $1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio (DPR) is presently 39.32%.
BMI has been the subject of several recent research reports. Canaccord Genuity reiterated a “hold” rating and issued a $37.00 price target on shares of Badger Meter in a research report on Wednesday, May 24th. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Sidoti reiterated a “buy” rating and issued a $52.00 price target (up previously from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.00.
Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Badger Meter by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,210 shares of the scientific and technical instruments company’s stock valued at $117,000 after buying an additional 60 shares in the last quarter. First Personal Financial Services purchased a new stake in Badger Meter during the second quarter valued at about $119,000. Acrospire Investment Management LLC purchased a new stake in Badger Meter during the first quarter valued at about $135,000. SG Americas Securities LLC purchased a new stake in Badger Meter during the second quarter valued at about $140,000. Finally, Clean Yield Group purchased a new stake in Badger Meter during the first quarter valued at about $153,000. 84.14% of the stock is owned by institutional investors.
About Badger Meter
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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