Badger Meter, Inc. (NYSE:BMI) Director Richard A. Meeusen Sells 8,571 Shares
Badger Meter, Inc. (NYSE:BMI) Director Richard A. Meeusen sold 8,571 shares of Badger Meter stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $56.85, for a total value of $487,261.35. Following the sale, the director now owns 74,582 shares of the company’s stock, valued at approximately $4,239,986.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of BMI traded down $0.22 during trading hours on Friday, reaching $56.80. 100,800 shares of the company’s stock traded hands, compared to its average volume of 138,950. The company has a market cap of $1.63 billion, a PE ratio of 36.88 and a beta of 0.77. Badger Meter, Inc. has a 12 month low of $44.10 and a 12 month high of $61.57.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $111.47 million. Badger Meter had a return on equity of 16.13% and a net margin of 7.17%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, equities research analysts expect that Badger Meter, Inc. will post 1.69 EPS for the current year.
A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Badger Meter from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.17.
A number of large investors have recently added to or reduced their stakes in BMI. Morgan Stanley lifted its position in Badger Meter by 5.0% in the 3rd quarter. Morgan Stanley now owns 79,474 shares of the scientific and technical instruments company’s stock worth $4,208,000 after buying an additional 3,816 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Badger Meter by 37.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 8,444 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 2,300 shares during the last quarter. Rhumbline Advisers lifted its position in Badger Meter by 13.2% in the 4th quarter. Rhumbline Advisers now owns 111,176 shares of the scientific and technical instruments company’s stock worth $5,471,000 after buying an additional 12,976 shares during the last quarter. BB&T Securities LLC lifted its position in Badger Meter by 2.4% in the 4th quarter. BB&T Securities LLC now owns 19,240 shares of the scientific and technical instruments company’s stock worth $946,000 after buying an additional 447 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Badger Meter by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,963 shares of the scientific and technical instruments company’s stock worth $441,000 after buying an additional 348 shares during the last quarter. Institutional investors own 83.24% of the company’s stock.
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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