Alliance Wealth Advisors LLC UT Makes New Investment in Badger Meter, Inc. (NYSE:BMI)

Alliance Wealth Advisors LLC UT bought a new position in Badger Meter, Inc. (NYSE:BMI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,324 shares of the scientific and technical instruments company's stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also made changes to their positions in BMI. Charles Schwab Investment Management Inc. grew its position in Badger Meter by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company's stock worth $73,866,000 after acquiring an additional 19,848 shares during the period. KBC Group NV lifted its stake in shares of Badger Meter by 0.8% in the 3rd quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company's stock valued at $72,462,000 after purchasing an additional 2,515 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Badger Meter by 2.8% during the 3rd quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company's stock worth $64,437,000 after purchasing an additional 7,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Badger Meter by 26.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,270 shares of the scientific and technical instruments company's stock worth $18,187,000 after purchasing an additional 17,483 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Badger Meter by 39.3% in the 3rd quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company's stock valued at $16,890,000 after buying an additional 21,799 shares during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Price Performance

Shares of BMI stock traded down $2.09 during trading on Friday, reaching $213.82. The company's stock had a trading volume of 140,168 shares, compared to its average volume of 219,279. Badger Meter, Inc. has a 1-year low of $143.61 and a 1-year high of $239.11. The stock's 50-day moving average price is $217.39 and its 200 day moving average price is $211.72. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 50.55, a P/E/G ratio of 2.36 and a beta of 0.78.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, sell-side analysts anticipate that Badger Meter, Inc. will post 4.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BMI. Maxim Group increased their target price on shares of Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday. Stifel Nicolaus increased their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research report on Monday. Finally, Robert W. Baird boosted their target price on Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $218.75.

About Badger Meter

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.