XTX Topco Ltd Invests $1.22 Million in Badger Meter, Inc. (NYSE:BMI)

Key Points

• XTX Topco Ltd acquired 6,385 shares of Badger Meter, valued at approximately $1.215 million, in the first quarter, as reported in their recent 13F filing with the SEC.
• Badger Meter reported a miss in earnings per share for the last quarter, posting $1.17 versus the expected $1.19, but had a revenue increase of 9.9% year-over-year.
• Analysts have recently set varied price targets for Badger Meter, with an average consensus target price of $238.40 and ratings ranging from "buy" to "hold."

XTX Topco Ltd bought a new position in Badger Meter, Inc. (NYSE:BMI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,385 shares of the scientific and technical instruments company's stock, valued at approximately $1,215,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Badger Meter during the 4th quarter worth $25,000. Bessemer Group Inc. grew its holdings in shares of Badger Meter by 162.5% during the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock worth $31,000 after purchasing an additional 91 shares during the period. Heck Capital Advisors LLC purchased a new position in Badger Meter during the 4th quarter valued at about $39,000. Golden State Wealth Management LLC boosted its holdings in Badger Meter by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 92 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Badger Meter by 83.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 88 shares during the period. 89.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BMI has been the subject of a number of research analyst reports. Argus set a $240.00 target price on Badger Meter in a report on Thursday, April 24th. Stifel Nicolaus set a $224.00 target price on Badger Meter in a research report on Wednesday, July 23rd. Robert W. Baird lifted their price target on Badger Meter from $216.00 to $219.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Raymond James Financial began coverage on Badger Meter in a research report on Tuesday, June 3rd. They set a "market perform" rating on the stock. Finally, Royal Bank Of Canada lowered their target price on Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $238.40.

Badger Meter Stock Down 1.0%

Shares of Badger Meter stock traded down $1.93 during trading on Tuesday, reaching $183.93. The company's stock had a trading volume of 113,760 shares, compared to its average volume of 276,020. Badger Meter, Inc. has a 12-month low of $162.17 and a 12-month high of $256.08. The company has a market capitalization of $5.42 billion, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 3.19 and a beta of 0.84. The business has a 50 day moving average price of $233.69 and a 200-day moving average price of $218.42.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.38 million. Badger Meter had a return on equity of 21.57% and a net margin of 15.53%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. Research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

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.