Badger Meter, Inc. (NYSE:BMI) Receives $214.75 Consensus PT from Analysts

Shares of Badger Meter, Inc. (NYSE:BMI) have been assigned an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $214.75.

A number of equities analysts have weighed in on BMI shares. Stifel Nicolaus boosted their price target on Badger Meter from $189.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their target price on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Maxim Group raised their price target on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Badger Meter

Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 183 shares during the period. Bessemer Group Inc. boosted its position in shares of Badger Meter by 2,633.3% in the first quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock valued at $80,000 after acquiring an additional 474 shares during the period. GAMMA Investing LLC grew its stake in shares of Badger Meter by 46.3% in the second quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 158 shares in the last quarter. CWM LLC increased its position in Badger Meter by 40.9% during the second quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 167 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in Badger Meter in the 3rd quarter worth about $204,000. Institutional investors own 89.01% of the company’s stock.

Badger Meter Trading Up 0.2 %

NYSE:BMI opened at $216.82 on Monday. The stock has a market capitalization of $6.38 billion, a PE ratio of 53.80, a P/E/G ratio of 2.72 and a beta of 0.78. Badger Meter has a 1-year low of $139.50 and a 1-year high of $230.76. The firm has a fifty day simple moving average of $215.58 and a 200 day simple moving average of $202.76.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The firm had revenue of $208.44 million during the quarter, compared to the consensus estimate of $212.08 million. Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. On average, equities analysts predict that Badger Meter will post 4.19 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, November 22nd. Badger Meter’s dividend payout ratio is presently 33.75%.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.