Badger Meter - BMI Stock Forecast, Price & News

3 Wall Street equities research 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 equities research 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.
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3 Wall Street analysts have issued 1-year target prices for Badger Meter's stock. Their BMI share price forecasts range from $79.00 to $125.00. On average, they predict the company's stock price to reach $94.67 in the next year. This suggests that the stock has a possible downside of 5.7%.
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Badger Meter's stock was trading at $106.56 at the beginning of 2022. Since then, BMI shares have decreased by 5.8% and is now trading at $100.42.
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Badger Meter saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,100,000 shares, a drop 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 presently 9.0 days. Currently, 3.8% of the shares of the company are sold short.
View Badger Meter's Short Interest.

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

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

Badger Meter declared 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 annualized dividend and a dividend yield of 0.90%. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for BMI.

Badger Meter (NYSE:BMI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.81%. 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.

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

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.

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).

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

Badger Meter's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (3.45%), Kayne Anderson Rudnick Investment Management LLC (2.51%), Allianz Asset Management GmbH (1.76%), Northern Trust Corp (1.13%), Boston Trust Walden Corp (1.08%) and KBC Group NV (0.70%). 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.
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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.
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One share of BMI stock can currently be purchased for approximately $100.42.

Badger Meter (NYSE:BMI) has a market capitalization of $2.94 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.

The company employs 1,837 workers across the globe.

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.