Badger Meter, Inc. (BMI) Director Andrew J. Policano Sells 8,850 Shares of Stock
Badger Meter, Inc. (NYSE:BMI) Director Andrew J. Policano sold 8,850 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $45.67, for a total transaction of $404,179.50. Following the completion of the transaction, the director now owns 32,561 shares of the company’s stock, valued at $1,487,060.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Badger Meter, Inc. (NYSE:BMI) opened at 45.60 on Wednesday. The firm has a 50-day moving average of $44.56 and a 200 day moving average of $39.76. The firm has a market capitalization of $1.33 billion, a PE ratio of 38.64 and a beta of 0.57. Badger Meter, Inc. has a 12 month low of $29.30 and a 12 month high of $46.85.
Badger Meter (NYSE:BMI) last announced 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 analyst estimates of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts forecast that Badger Meter, Inc. will post $1.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Badger Meter’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, August 29th. Badger Meter’s payout ratio is presently 44.44%.
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BMI has been the subject of several recent research reports. BidaskClub cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of Badger Meter from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Canaccord Genuity restated a “hold” rating and issued a $37.00 price target on shares of Badger Meter in a research report on Wednesday, May 24th. Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. Finally, Sidoti restated a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Personal Financial Services bought a new stake in shares of Badger Meter in the 2nd quarter worth approximately $119,000. State of Alaska Department of Revenue lifted its holdings in shares of Badger Meter by 1.9% in the 1st quarter. State of Alaska Department of Revenue now owns 3,210 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 60 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Badger Meter in the 2nd quarter worth approximately $140,000. Acrospire Investment Management LLC bought a new stake in shares of Badger Meter in the 1st quarter worth approximately $135,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Badger Meter by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock worth $153,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.
Badger Meter Company Profile
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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