Badger Meter, Inc. (BMI) VP Sells $120,532.50 in Stock
Badger Meter, Inc. (NYSE:BMI) VP Horst Gras sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $53.57, for a total transaction of $120,532.50. Following the completion of the sale, the vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $677,660.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
BMI traded down $1.34 during trading on Friday, reaching $53.75. 120,214 shares of the company’s stock were exchanged, compared to its average volume of 104,830. Badger Meter, Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $57.12. The firm has a market capitalization of $1.60 billion, a PE ratio of 45.17, a P/E/G ratio of 4.07 and a beta of 0.71.
Badger Meter (NYSE:BMI) last released its earnings results on Wednesday, October 17th. The scientific and technical instruments company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Badger Meter had a net margin of 5.58% and a return on equity of 14.21%. The firm had revenue of $110.60 million during the quarter, compared to analyst estimates of $109.67 million. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that Badger Meter, Inc. will post 1.5 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on BMI. Maxim Group began coverage on shares of Badger Meter in a report on Monday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Stifel Nicolaus raised their price target on shares of Badger Meter from $49.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, October 9th. Finally, Berenberg Bank began coverage on shares of Badger Meter in a report on Wednesday, October 3rd. They issued a “sell” rating and a $43.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.83.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Badger Meter by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,105,545 shares of the scientific and technical instruments company’s stock worth $164,438,000 after acquiring an additional 76,731 shares during the period. Morgan Stanley grew its holdings in Badger Meter by 5.0% during the 3rd quarter. Morgan Stanley now owns 79,474 shares of the scientific and technical instruments company’s stock worth $4,208,000 after acquiring an additional 3,816 shares during the period. Legal & General Group Plc grew its holdings in Badger Meter by 7.5% during the 3rd quarter. Legal & General Group Plc now owns 68,462 shares of the scientific and technical instruments company’s stock worth $3,629,000 after acquiring an additional 4,756 shares during the period. Teachers Advisors LLC grew its holdings in Badger Meter by 2.0% during the 3rd quarter. Teachers Advisors LLC now owns 74,716 shares of the scientific and technical instruments company’s stock worth $3,956,000 after acquiring an additional 1,478 shares during the period. Finally, MetLife Investment Advisors LLC grew its holdings in Badger Meter by 35.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 18,537 shares of the scientific and technical instruments company’s stock worth $982,000 after acquiring an additional 4,897 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.
About Badger Meter
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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