Olympiad Research LP Takes Position in Badger Meter, Inc. (NYSE:BMI)

Olympiad Research LP bought a new stake in shares of Badger Meter, Inc. (NYSE:BMI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,749 shares of the scientific and technical instruments company’s stock, valued at approximately $371,000.

Several other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in Badger Meter by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after buying an additional 71 shares in the last quarter. Burney Co. bought a new position in Badger Meter in the 4th quarter worth approximately $385,000. Geneva Partners LLC bought a new position in Badger Meter in the 3rd quarter worth approximately $1,120,000. Van ECK Associates Corp grew its holdings in Badger Meter by 68.1% in the 4th quarter. Van ECK Associates Corp now owns 33,395 shares of the scientific and technical instruments company’s stock worth $7,083,000 after buying an additional 13,526 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Badger Meter by 29.0% in the 3rd quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company’s stock worth $2,615,000 after buying an additional 2,692 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BMI shares. Maxim Group increased their price objective on Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus increased their price objective on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $218.75.

Badger Meter Price Performance

BMI opened at $210.14 on Friday. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 49.68, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78. Badger Meter, Inc. has a 1-year low of $150.87 and a 1-year high of $239.11. The business has a 50 day moving average price of $215.39 and a two-hundred day moving average price of $213.05.

Badger Meter (NYSE:BMI) last released its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. Equities analysts expect that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a yield of 0.65%. Badger Meter’s dividend payout ratio (DPR) is 32.15%.

Badger Meter Profile

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.