Badger Meter - BMI Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last year. There are currently 1 sell rating, 2 hold ratings 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.
View BMI analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1-year target prices for Badger Meter's stock. Their BMI share price forecasts range from $80.00 to $125.00. On average, they predict the company's share price to reach $99.33 in the next year. This suggests that the stock has a possible downside of 16.0%.
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Badger Meter's stock was trading at $106.56 on January 1st, 2022. Since then, BMI shares have increased by 10.9% and is now trading at $118.22.
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Badger Meter saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,030,000 shares, a decline of 7.2% from the October 31st total of 1,110,000 shares. Based on an average trading volume of 147,100 shares, the days-to-cover ratio is presently 7.0 days. Currently, 3.5% 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, January 27th 2023.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) announced its quarterly earnings results on Wednesday, October, 19th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The scientific and technical instruments company earned $148 million during the quarter, compared to the consensus estimate of $137.78 million. Badger Meter had a net margin of 11.96% and a trailing twelve-month return on equity of 16.04%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share.

Badger Meter declared a quarterly dividend on Friday, November 11th. Shareholders of record on Friday, November 25th will be given a dividend of $0.225 per share on Friday, December 9th. This represents a $0.90 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, November 23rd.
Read our dividend analysis for BMI.

Badger Meter (NYSE:BMI) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.79%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 35.02% 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 Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly issued shares were payable 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.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.25%), Vanguard Group Inc. (11.91%), State Street Corp (7.16%), Impax Asset Management Group plc (4.05%), Dimensional Fund Advisors LP (2.87%) and Kayne Anderson Rudnick Investment Management LLC (2.45%). 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 $118.22.

Badger Meter (NYSE:BMI) has a market capitalization of $3.46 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 $2.26 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.