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NYSE:BMI

Badger Meter - BMI Stock Forecast, Price & News

$102.61
+0.19 (+0.19%)
(As of 08/17/2022 05:07 PM ET)
Add
Compare
Today's Range
$100.80
$102.91
50-Day Range
$73.66
$102.42
52-Week Range
$73.20
$112.36
Volume
68,878 shs
Average Volume
127,148 shs
Market Capitalization
$3.00 billion
P/E Ratio
46.85
Dividend Yield
0.78%
Price Target
$94.67

Badger Meter MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.7% 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
1.21mentions of Badger Meter in the last 14 days
Based on 8 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.

2.29 out of 5 stars

Computer And Technology Sector

316th out of 667 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.

Wall Street Analysts Forecast Growth

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

Badger Meter Stock Performance

Shares of NYSE:BMI traded up $0.19 during trading on Wednesday, reaching $102.61. The stock had a trading volume of 68,878 shares, compared to its average volume of 127,148. The business has a fifty day moving average price of $85.53 and a 200-day moving average price of $89.50. The stock has a market cap of $3.00 billion, a PE ratio of 46.77 and a beta of 0.86. Badger Meter has a 1-year low of $73.20 and a 1-year high of $112.36.

Badger Meter (NYSE:BMI - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. The firm had revenue of $137.80 million for the quarter, compared to analyst estimates of $132.04 million. Badger Meter had a return on equity of 15.83% and a net margin of 12.00%. The business'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. Sell-side analysts expect that Badger Meter will post 2.3 earnings per share for the current year.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, August 25th. This represents a $0.90 dividend on an annualized basis and a yield of 0.88%. This is a positive change from Badger Meter's previous quarterly dividend of $0.20. Badger Meter's payout ratio is 36.53%.

Insiders Place Their Bets

In other Badger Meter news, VP William R. A. Bergum sold 2,362 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $96.40, for a total transaction of $227,696.80. Following the transaction, the vice president now owns 11,861 shares of the company's stock, valued at $1,143,400.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

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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 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
8/17/2022
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
-7.7%
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
$3.06 per share
Book Value
$14.22 per share

Miscellaneous

Free Float
29,035,000
Market Cap
$3.00 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 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 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.

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

3 analysts have issued twelve-month price targets for Badger Meter's stock. Their BMI share price forecasts range from $79.00 to $125.00. On average, they anticipate the company's share price to reach $94.67 in the next twelve months. This suggests that the stock has a possible downside of 7.6%.
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 shares have decreased by 3.9% and is now trading at $102.42.
View the best growth stocks for 2022 here
.

Are investors shorting Badger Meter?

Badger Meter saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,100,000 shares, a decline 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. Currently, 3.8% of the company's shares are sold short.
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) announced its quarterly earnings results on Wednesday, July, 20th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The scientific and technical instruments company earned $137.80 million during the quarter, compared to analyst estimates 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 firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS.

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

Badger Meter declared a quarterly dividend on Friday, August 12th. Shareholders 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 0.88%. The ex-dividend date of this dividend is Thursday, August 25th. This is an increase 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 0.79%. The company has been increasing its dividend for 31 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?

Shares of Badger Meter 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 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.

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 variety of institutional and retail investors. Top institutional investors include State Street Corp (7.07%), 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%) and Northern Trust Corp (1.13%). 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 $102.42.

How much money does Badger Meter make?

Badger Meter (NYSE:BMI) has a market capitalization of $3.00 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 8/17/2022 by MarketBeat.com Staff

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