Badger Meter (NYSE:BMI) VP Buys $101,572.75 in Stock

Badger Meter, Inc. (NYSE:BMIGet Free Report) VP Edward Callahan acquired 751 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were bought at an average cost of $135.25 per share, for a total transaction of $101,572.75. Following the transaction, the vice president owned 1,937 shares of the company’s stock, valued at $261,979.25. This represents a 63.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Badger Meter Price Performance

BMI opened at $134.12 on Monday. The business’s 50-day moving average is $135.59 and its two-hundred day moving average is $142.27. Badger Meter, Inc. has a 1 year low of $112.09 and a 1 year high of $204.00. The firm has a market capitalization of $3.89 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65.

Badger Meter (NYSE:BMIGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The business had revenue of $220.30 million during the quarter, compared to analyst estimates of $220.59 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts expect that Badger Meter, Inc. will post 4.43 EPS for the current year.

Wall Street Analyst Weigh In

BMI has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Barclays reaffirmed an “underweight” rating and set a $112.00 price target (up from $109.00) on shares of Badger Meter in a research report on Tuesday, July 28th. Wall Street Zen lowered Badger Meter from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Robert W. Baird set a $167.00 price objective on Badger Meter and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $170.00 target price on Badger Meter and gave the stock a “buy” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $164.00.

Read Our Latest Stock Report on Badger Meter

Badger Meter News Roundup

Here are the key news stories impacting Badger Meter this week:

Institutional Trading of Badger Meter

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Badger Meter in the fourth quarter worth $227,000. NewEdge Advisors LLC grew its holdings in shares of Badger Meter by 328.0% during the first quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock valued at $717,000 after buying an additional 2,886 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Badger Meter by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 2,334 shares of the scientific and technical instruments company’s stock valued at $572,000 after acquiring an additional 223 shares during the period. M&T Bank Corp acquired a new position in shares of Badger Meter in the 2nd quarter valued at $200,000. Finally, California Public Employees Retirement System increased its position in shares of Badger Meter by 11.2% in the 2nd quarter. California Public Employees Retirement System now owns 50,225 shares of the scientific and technical instruments company’s stock valued at $12,303,000 after acquiring an additional 5,041 shares during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

About Badger Meter

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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

Insider Buying and Selling by Quarter for Badger Meter (NYSE:BMI)

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