Badger Meter (NYSE:BMI) CEO Buys $502,986.00 in Stock

Badger Meter, Inc. (NYSE:BMI) CEO Kenneth Bockhorst bought 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average price of $152.42 per share, with a total value of $502,986.00. Following the completion of the transaction, the chief executive officer directly owned 40,013 shares of the company’s stock, valued at $6,098,781.46. This trade represents a 8.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Badger Meter Trading Down 1.9%

BMI opened at $155.33 on Friday. The firm’s 50 day simple moving average is $169.54 and its two-hundred day simple moving average is $177.30. The company has a market capitalization of $4.58 billion, a PE ratio of 32.36, a PEG ratio of 2.54 and a beta of 0.90. Badger Meter, Inc. has a 1-year low of $139.14 and a 1-year high of $256.08.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The business had revenue of $220.71 million for the quarter, compared to the consensus estimate of $232.30 million. During the same period in the previous year, the firm earned $1.04 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Institutional Trading of Badger Meter

Institutional investors and hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Badger Meter during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in Badger Meter during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its holdings in Badger Meter by 170.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock valued at $41,000 after buying an additional 104 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in Badger Meter in the 3rd quarter worth approximately $31,000. 89.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Badger Meter from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Badger Meter in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Badger Meter from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Barclays set a $136.00 target price on shares of Badger Meter and gave the company an “underweight” rating in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $191.00 price target (down previously from $229.00) on shares of Badger Meter in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $181.88.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.