Victory Capital Management Inc. Boosts Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Victory Capital Management Inc. grew its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 20.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,299 shares of the scientific and technical instruments company's stock after buying an additional 10,004 shares during the period. Victory Capital Management Inc. owned approximately 0.20% of Badger Meter worth $11,091,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BMI. SBI Securities Co. Ltd. grew its stake in shares of Badger Meter by 83.0% in the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 88 shares during the period. Signaturefd LLC increased its stake in shares of Badger Meter by 80.9% in the first quarter. Signaturefd LLC now owns 682 shares of the scientific and technical instruments company's stock worth $130,000 after purchasing an additional 305 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Badger Meter by 51.7% in the first quarter. Edgestream Partners L.P. now owns 35,576 shares of the scientific and technical instruments company's stock worth $6,768,000 after purchasing an additional 12,125 shares in the last quarter. Fortress Financial Solutions LLC boosted its position in shares of Badger Meter by 5.9% during the first quarter. Fortress Financial Solutions LLC now owns 1,843 shares of the scientific and technical instruments company's stock worth $351,000 after acquiring an additional 102 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Badger Meter during the first quarter worth $466,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Badger Meter Trading Up 1.8%

NYSE BMI traded up $3.36 on Friday, hitting $193.18. 501,751 shares of the company's stock traded hands, compared to its average volume of 346,615. Badger Meter, Inc. has a 1-year low of $162.17 and a 1-year high of $256.08. The firm's 50-day moving average price is $240.42 and its two-hundred day moving average price is $219.32. The firm has a market capitalization of $5.69 billion, a PE ratio of 42.09, a P/E/G ratio of 3.25 and a beta of 0.83.

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

Analyst Ratings Changes

Several research firms have commented on BMI. Stifel Nicolaus set a $224.00 price objective on shares of Badger Meter in a research report on Wednesday. Royal Bank Of Canada reduced their price target on shares of Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a research note on Wednesday. Raymond James Financial initiated coverage on shares of Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. Robert W. Baird raised their target price on shares of Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Argus set a $240.00 price objective on shares of Badger Meter in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.