Badger Meter, Inc. (NYSE:BMI - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $250.88 and last traded at $250.89, with a volume of 54371 shares traded. The stock had previously closed at $248.22.
Analyst Ratings Changes
A number of equities research analysts recently commented on BMI shares. Argus set a $240.00 target price on Badger Meter in a report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on shares of Badger Meter from $209.00 to $196.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird reduced their target price on shares of Badger Meter from $218.00 to $216.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Raymond James started coverage on shares of Badger Meter in a research note on Tuesday. They issued a "market perform" rating for the company. Finally, Royal Bank of Canada raised their price target on shares of Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $229.80.
Check Out Our Latest Stock Analysis on BMI
Badger Meter Price Performance
The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 3.89 and a beta of 0.83. The business has a fifty day simple moving average of $217.44 and a 200 day simple moving average of $214.63.
Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. The company had revenue of $222.21 million during the quarter, compared to analysts' expectations of $220.39 million. During the same quarter in the prior year, the company earned $0.99 EPS. On average, research analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.
Badger Meter Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.34 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 0.54%. Badger Meter's dividend payout ratio is presently 29.96%.
Hedge Funds Weigh In On Badger Meter
A number of institutional investors have recently added to or reduced their stakes in BMI. Aster Capital Management DIFC Ltd purchased a new stake in Badger Meter in the 4th quarter valued at $25,000. R Squared Ltd acquired a new stake in Badger Meter during the fourth quarter worth about $28,000. Bessemer Group Inc. boosted its holdings in Badger Meter by 162.5% in the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock valued at $31,000 after purchasing an additional 91 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Badger Meter by 2,457.1% in the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 172 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Badger Meter during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 89.01% of the company's stock.
About Badger Meter
(
Get Free Report)
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.
Recommended Stories
Before you consider Badger Meter, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Badger Meter wasn't on the list.
While Badger Meter currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
