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NYSE:BMI

Badger Meter - BMI Stock Forecast, Price & News

$101.64
+1.22 (+1.21%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$101.26
$102.45
50-Day Range
$73.66
$101.64
52-Week Range
$73.20
$112.36
Volume
102,639 shs
Average Volume
127,841 shs
Market Capitalization
$2.97 billion
P/E Ratio
46.41
Dividend Yield
0.80%
Price Target
$94.67

Badger Meter MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Downside
$94.67 Price Target
Short Interest
Healthy
3.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.87
Upright™ Environmental Score
News Sentiment
1.11mentions of Badger Meter in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$227,697 Sold Last Quarter
Proj. Earnings Growth
12.61%
From $2.30 to $2.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Computer And Technology Sector

355th out of 664 stocks

Fluid Meters & Counting Devices Industry

1st out of 2 stocks

BMI stock logo

About Badger Meter (NYSE:BMI) Stock

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. 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, oil, 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. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.

Badger Meter Price Performance

BMI Stock traded up $1.65 during midday trading on Friday, hitting $100.42. The company's stock had a trading volume of 72,360 shares, compared to its average volume of 131,217. The company's fifty day moving average price is $84.71 and its 200 day moving average price is $89.36. Badger Meter has a twelve month low of $73.20 and a twelve month high of $112.36. The stock has a market capitalization of $2.94 billion, a P/E ratio of 45.85 and a beta of 0.86.

Badger Meter (NYSE:BMI - Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. Badger Meter had a net margin of 12.00% and a return on equity of 15.83%. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $132.04 million. During the same quarter last year, the firm posted $0.48 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Badger Meter will post 2.3 EPS for the current fiscal year.

Badger Meter Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Badger Meter's previous quarterly dividend of $0.20. Badger Meter's dividend payout ratio (DPR) is 36.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BMI. TheStreet upgraded shares of Badger Meter from a "c+" rating to a "b-" rating in a report on Wednesday, August 3rd. Morgan Stanley dropped their price objective on shares of Badger Meter from $95.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, June 9th. Northcoast Research began coverage on shares of Badger Meter in a research note on Friday, July 15th. They issued a "neutral" rating on the stock. StockNews.com lowered shares of Badger Meter from a "buy" rating to a "hold" rating in a research note on Saturday, April 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Badger Meter from $88.00 to $79.00 in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $94.67.

Insider Activity

In other news, VP William R. A. Bergum sold 2,362 shares of Badger Meter stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $96.40, for a total value of $227,696.80. Following the completion of the transaction, the vice president now owns 11,861 shares of the company's stock, valued at approximately $1,143,400.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company's stock.

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BMI Stock News Headlines

Badger Meter (NYSE:BMI) Rating Increased to B- at TheStreet
BCE Q2 Earnings & Revenues Surpass Estimates, Rise Y/Y
Best Momentum Stocks to Buy for July 25th
Company News for Jul 21, 2022
Badger Meter (NYSE:BMI) Shares Gap Up After Strong Earnings
Badger Meter earnings preview: what to expect
See More Headlines
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BMI Company Calendar

Ex-Dividend for 6/10 Dividend
5/26/2022
Dividend Payable
6/10/2022
Last Earnings
7/20/2022
Today
8/15/2022
Ex-Dividend for 9/9 Dividend
8/25/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fluid meters & counting devices
Sub-Industry
Electronic Equipment & Instruments
CUSIP
05652510
CIK
9092
Employees
1,837
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$94.67
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
-6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$60.88 million
Pretax Margin
15.55%

Debt

Sales & Book Value

Annual Sales
$505.20 million
Cash Flow
$3.07 per share
Book Value
$13.78 per share

Miscellaneous

Free Float
29,035,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
0.86

Key Executives

  • Mr. Kenneth C. Bockhorst (Age 49)
    Chairman, Pres & CEO
    Comp: $2.4M
  • Mr. Robert A. Wrocklage (Age 43)
    Sr. VP & CFO
    Comp: $838.79k
  • Mr. William R. A. Bergum (Age 57)
    VP, Gen. Counsel & Sec.
    Comp: $518.49k
  • Mr. Kimberly K. Stoll (Age 56)
    VP of Sales & Marketing
    Comp: $552.92k
  • Mr. William J. Parisen (Age 55)
    VP of Global Operations
  • Ms. Karen Bauer
    VP of Investor Relations, Corp. Strategy & Treasurer
  • Ms. Sheryl L. Hopkins (Age 54)
    VP of HR
  • Mr. Daniel R. Weltzien (Age 43)
    VP & Controller













BMI Stock - Frequently Asked Questions

Should I buy or sell Badger Meter stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMI, but not buy additional shares or sell existing shares.
View BMI analyst ratings
or view top-rated stocks.

What is Badger Meter's stock price forecast for 2022?

3 brokers have issued 1-year target prices for Badger Meter's shares. Their BMI share price forecasts range from $79.00 to $125.00. On average, they anticipate the company's stock price to reach $94.67 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts price targets for BMI
or view top-rated stocks among Wall Street analysts.

How have BMI shares performed in 2022?

Badger Meter's stock was trading at $106.56 on January 1st, 2022. Since then, BMI stock has decreased by 4.6% and is now trading at $101.64.
View the best growth stocks for 2022 here
.

Are investors shorting Badger Meter?

Badger Meter saw a decrease in short interest in July. As of July 31st, there was short interest totaling 1,100,000 shares, a decrease of 8.3% from the July 15th total of 1,200,000 shares. Based on an average trading volume of 121,700 shares, the days-to-cover ratio is currently 9.0 days. Approximately 3.8% of the company's stock are short sold.
View Badger Meter's Short Interest
.

When is Badger Meter's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our BMI earnings forecast
.

How were Badger Meter's earnings last quarter?

Badger Meter, Inc. (NYSE:BMI) issued its quarterly earnings data on Wednesday, July, 20th. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The scientific and technical instruments company had revenue of $137.80 million for the quarter, compared to analysts' expectations of $132.04 million. Badger Meter had a net margin of 12.00% and a trailing twelve-month return on equity of 15.83%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share.

How often does Badger Meter pay dividends? What is the dividend yield for Badger Meter?

Badger Meter announced a quarterly dividend on Friday, August 12th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.225 per share on Friday, September 9th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 25th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for BMI
.

Is Badger Meter a good dividend stock?

Badger Meter (NYSE:BMI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.80%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 30.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

When did Badger Meter's stock split?

Badger Meter shares split on Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly minted shares were issued to shareholders after the market closes on Thursday, September 15th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Ken Bockhorst's approval rating as Badger Meter's CEO?

21 employees have rated Badger Meter Chief Executive Officer Ken Bockhorst on Glassdoor.com. Ken Bockhorst has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Badger Meter own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Badger Meter investors own include A. O. Smith (AOS), Cisco Systems (CSCO), General Mills (GIS), Intel (INTC), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Aflac (AFL), CVS Health (CVS), Ecolab (ECL) and Philip Morris International (PM).

What is Badger Meter's stock symbol?

Badger Meter trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMI."

Who are Badger Meter's major shareholders?

Badger Meter's stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.45%), Kayne Anderson Rudnick Investment Management LLC (2.51%), Allianz Asset Management GmbH (1.76%), UBS Asset Management Americas Inc. (1.21%), Northern Trust Corp (1.13%) and Boston Trust Walden Corp (1.08%). Insiders that own company stock include Fred J Begale, Gail A Lione, Gregory M Gomez, Kimberly K Stoll, Richard A Meeusen and William R A Bergum.
View institutional ownership trends
.

How do I buy shares of Badger Meter?

Shares of BMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Badger Meter's stock price today?

One share of BMI stock can currently be purchased for approximately $101.64.

How much money does Badger Meter make?

Badger Meter (NYSE:BMI) has a market capitalization of $2.97 billion and generates $505.20 million in revenue each year. The scientific and technical instruments company earns $60.88 million in net income (profit) each year or $2.19 on an earnings per share basis.

How many employees does Badger Meter have?

The company employs 1,837 workers across the globe.

How can I contact Badger Meter?

Badger Meter's mailing address is 4545 WEST BROWN DEER ROAD, MILWAUKEE WI, 53223. The official website for the company is www.badgermeter.com. The scientific and technical instruments company can be reached via phone at (414) 355-0400, via email at investors@badgermeter.com, or via fax at 414-355-7499.

This page (NYSE:BMI) was last updated on 8/15/2022 by MarketBeat.com Staff

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