Alamea Verwaltungs GmbH Invests $440,000 in Badger Meter, Inc. $BMI

Key Points

• Alamea Verwaltungs GmbH purchased 2,314 shares of Badger Meter, Inc. for roughly $440,000 in the first quarter, indicating significant investment interest in the company.
• Badger Meter reported $1.17 earnings per share for the latest quarter, missing estimates, but saw a 9.9% revenue increase year-over-year, totaling $238.10 million.
• The company announced an increased quarterly dividend of $0.40 per share, up from $0.34, reaffirming its commitment to returning value to shareholders.

Alamea Verwaltungs GmbH acquired a new position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,314 shares of the scientific and technical instruments company's stock, valued at approximately $440,000.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Badger Meter during the fourth quarter worth about $39,000. Golden State Wealth Management LLC grew its holdings in shares of Badger Meter by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 92 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Badger Meter by 83.0% during the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 88 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Badger Meter during the first quarter worth about $37,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Badger Meter during the first quarter worth about $41,000. Hedge funds and other institutional investors own 89.01% of the company's stock.

Badger Meter Stock Performance

NYSE:BMI traded up $0.70 during mid-day trading on Wednesday, reaching $181.65. The stock had a trading volume of 222,616 shares, compared to its average volume of 286,329. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 3.22 and a beta of 0.87. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08. The business has a 50 day simple moving average of $207.48 and a 200 day simple moving average of $214.14.

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

Badger Meter Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.40 per share. This is a positive change from Badger Meter's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Badger Meter's dividend payout ratio is 34.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BMI shares. Royal Bank Of Canada dropped their price objective on Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a report on Wednesday, July 23rd. Robert W. Baird increased their target price on shares of Badger Meter from $216.00 to $219.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial started coverage on shares of Badger Meter in a research note on Tuesday, June 3rd. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $238.40.

Badger Meter Profile

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.