Avior Wealth Management LLC Increases Stock Position in Badger Meter, Inc. (NYSE:BMI)

Avior Wealth Management LLC grew its stake in Badger Meter, Inc. (NYSE:BMIFree Report) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,754 shares of the scientific and technical instruments company’s stock after buying an additional 268 shares during the quarter. Avior Wealth Management LLC’s holdings in Badger Meter were worth $2,281,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Badger Meter during the 4th quarter worth $42,000. Blue Trust Inc. raised its position in Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC lifted its stake in Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock worth $176,000 after purchasing an additional 306 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of Badger Meter in the 3rd quarter worth about $204,000. Finally, Magnetar Financial LLC purchased a new position in shares of Badger Meter during the 2nd quarter valued at about $207,000. Institutional investors own 89.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Maxim Group upped their target price on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Robert W. Baird increased their target price on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus lifted their target price on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $216.00.

Read Our Latest Research Report on Badger Meter

Badger Meter Stock Performance

Shares of BMI stock opened at $219.14 on Friday. The company has a market capitalization of $6.44 billion, a P/E ratio of 54.38, a PEG ratio of 2.43 and a beta of 0.79. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $239.11. The stock has a 50 day moving average price of $218.20 and a two-hundred day moving average price of $210.28.

Badger Meter Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 0.62%. Badger Meter’s dividend payout ratio is currently 33.75%.

About Badger Meter

(Free Report)

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. 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, 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.

Further Reading

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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