Avior Wealth Management LLC Acquires 1,625 Shares of Badger Meter, Inc. (NYSE:BMI)

Avior Wealth Management LLC lifted its position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,379 shares of the scientific and technical instruments company's stock after buying 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 SEC filing.

A number of other institutional investors also recently modified their holdings of BMI. River Street Advisors LLC lifted its position in shares of Badger Meter by 5.5% during the 1st quarter. River Street Advisors LLC now owns 4,939 shares of the scientific and technical instruments company's stock valued at $940,000 after acquiring an additional 257 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Badger Meter by 46.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,396 shares of the scientific and technical instruments company's stock worth $456,000 after purchasing an additional 761 shares during the period. Global X Japan Co. Ltd. bought a new stake in Badger Meter during the first quarter worth about $45,000. Cardinal Capital Management grew its stake in Badger Meter by 1.3% during the first quarter. Cardinal Capital Management now owns 22,296 shares of the scientific and technical instruments company's stock worth $4,242,000 after buying an additional 287 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in Badger Meter by 4.5% in the 1st quarter. Mission Wealth Management LP now owns 5,076 shares of the scientific and technical instruments company's stock valued at $966,000 after buying an additional 219 shares during the period. Institutional investors own 89.01% of the company's stock.

Wall Street Analysts Forecast Growth

BMI has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target 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. Royal Bank Of Canada upped their target price on Badger Meter from $238.00 to $252.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Argus set a $240.00 price target on Badger Meter in a research note on Thursday, April 24th. Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a "market perform" rating for the company. Finally, Stifel Nicolaus raised 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Badger Meter presently has a consensus rating of "Hold" and an average price target of $236.60.

Badger Meter Stock Performance

Shares of NYSE:BMI traded up $0.84 during trading on Tuesday, reaching $247.43. The stock had a trading volume of 187,394 shares, compared to its average volume of 211,436. Badger Meter, Inc. has a 52 week low of $162.17 and a 52 week high of $256.08. The firm's fifty day moving average is $233.69 and its 200 day moving average is $216.97. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 54.50, a P/E/G ratio of 3.49 and a beta of 0.85.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The firm 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 last year, the business posted $0.99 EPS. On average, research analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 0.55%. Badger Meter's dividend payout ratio (DPR) is 29.96%.

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.