Avior Wealth Management LLC raised its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,379 shares of the scientific and technical instruments company's stock after acquiring an additional 1,625 shares during the quarter. Avior Wealth Management LLC's holdings in Badger Meter were worth $2,355,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in BMI. Aster Capital Management DIFC Ltd purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $25,000. Bessemer Group Inc. lifted its holdings in shares of 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. lifted its holdings 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 purchasing an additional 172 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $39,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Badger Meter in the 1st quarter valued at about $45,000. 89.01% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have commented on BMI shares. Robert W. Baird reduced their price objective on Badger Meter from $218.00 to $216.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Raymond James Financial started coverage on Badger Meter in a research note on Tuesday, June 3rd. They set a "market perform" rating for the company. Argus set a $240.00 price objective on Badger Meter in a research note on Thursday, April 24th. Stifel Nicolaus upped their price objective on Badger Meter from $200.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, June 16th. Finally, Royal Bank Of Canada upped their price objective on Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $236.60.
Check Out Our Latest Analysis on BMI
Badger Meter Price Performance
Shares of BMI stock traded up $1.90 during trading hours on Friday, reaching $243.54. 266,230 shares of the company's stock were exchanged, compared to its average volume of 212,576. The company has a market cap of $7.17 billion, a P/E ratio of 53.64, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company's 50 day moving average is $232.43 and its two-hundred day moving average is $216.90. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08.
Badger Meter (NYSE:BMI - Get Free Report) last issued its earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The business had revenue of $222.21 million during the quarter, compared to the consensus estimate of $220.39 million. Badger Meter had a return on equity of 22.35% and a net margin of 15.74%. During the same period in the prior year, the business posted $0.99 EPS. As a group, analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Badger Meter Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, May 23rd. Badger Meter's dividend payout ratio (DPR) is 29.96%.
About Badger Meter
(
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.
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