GSA Capital Partners LLP acquired a new position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,259 shares of the scientific and technical instruments company's stock, valued at approximately $1,381,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Badger Meter by 22.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,731 shares of the scientific and technical instruments company's stock valued at $519,000 after purchasing an additional 506 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Badger Meter during the first quarter worth about $369,000. GAMMA Investing LLC grew its position in Badger Meter by 11.8% during the first quarter. GAMMA Investing LLC now owns 878 shares of the scientific and technical instruments company's stock worth $167,000 after buying an additional 93 shares in the last quarter. Golden State Wealth Management LLC grew its position in 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 buying an additional 92 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Badger Meter by 74.4% during the fourth quarter. Schroder Investment Management Group now owns 5,945 shares of the scientific and technical instruments company's stock worth $1,274,000 after buying an additional 2,536 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
Badger Meter Price Performance
Shares of NYSE:BMI traded down $7.61 during trading on Friday, reaching $181.15. The stock had a trading volume of 554,710 shares, compared to its average volume of 454,695. The business's 50-day moving average price is $234.85 and its 200 day moving average price is $218.56. Badger Meter, Inc. has a 52 week low of $162.17 and a 52 week high of $256.08. The stock has a market capitalization of $5.34 billion, a PE ratio of 39.47, a P/E/G ratio of 3.32 and a beta of 0.83.
Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a return on equity of 21.57% and a net margin of 15.53%. The company had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.38 million. During the same quarter last year, the firm earned $1.12 EPS. The business's revenue for the quarter was up 9.9% on a year-over-year basis. Analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Argus set a $240.00 price objective on Badger Meter in a report on Thursday, April 24th. Robert W. Baird lifted their price objective on Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a "market perform" rating on the stock. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $238.40.
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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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