Research Analysts’ Recent Ratings Updates for Badger Meter (BMI)

Several analysts have recently updated their ratings and price targets for Badger Meter (NYSE: BMI):

  • 2/3/2024 – Badger Meter was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/29/2024 – Badger Meter had its price target raised by analysts at Stifel Nicolaus from $142.00 to $147.00. They now have a “hold” rating on the stock.
  • 1/26/2024 – Badger Meter was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 1/18/2024 – Badger Meter was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/27/2023 – Badger Meter was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/18/2023 – Badger Meter was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Badger Meter Stock Performance

Badger Meter stock opened at $143.26 on Thursday. Badger Meter, Inc. has a 1 year low of $112.46 and a 1 year high of $170.86. The firm has a 50 day moving average price of $150.77 and a 200 day moving average price of $152.00. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 45.62, a PEG ratio of 3.35 and a beta of 0.85.

Badger Meter (NYSE:BMIGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $182.40 million for the quarter, compared to analysts’ expectations of $182.24 million. Badger Meter had a net margin of 13.16% and a return on equity of 19.07%. Badger Meter’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Sell-side analysts predict that Badger Meter, Inc. will post 3.4 EPS for the current year.

Badger Meter Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Friday, November 24th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.75%. Badger Meter’s payout ratio is currently 34.39%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in Badger Meter by 5.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,796 shares of the scientific and technical instruments company’s stock valued at $277,000 after acquiring an additional 94 shares in the last quarter. Jump Financial LLC acquired a new stake in Badger Meter in the fourth quarter valued at $2,506,000. Charles Schwab Investment Management Inc. raised its holdings in Badger Meter by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,004 shares of the scientific and technical instruments company’s stock valued at $44,459,000 after acquiring an additional 4,766 shares in the last quarter. Tower View Wealth Management LLC raised its holdings in Badger Meter by 58.3% in the fourth quarter. Tower View Wealth Management LLC now owns 14,851 shares of the scientific and technical instruments company’s stock valued at $2,293,000 after acquiring an additional 5,471 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in Badger Meter by 9.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,589 shares of the scientific and technical instruments company’s stock valued at $245,000 after purchasing an additional 134 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

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