Badger Meter, Inc. (NYSE:BMI) Receives $216.00 Average PT from Brokerages

Shares of Badger Meter, Inc. (NYSE:BMI - Get Free Report) have been given a consensus rating of "Hold" by the five analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $216.00.

Several research firms have recently commented on BMI. Robert W. Baird upped their target price on Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Maxim Group raised their target price on Badger Meter from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus upped 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.

Hedge Funds Weigh In On Badger Meter

Several large investors have recently made changes to their positions in BMI. ORG Partners LLC acquired a new stake in Badger Meter during the fourth quarter valued at approximately $42,000. Blue Trust Inc. raised its position in shares of 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 worth $44,000 after purchasing an additional 183 shares during the period. GAMMA Investing LLC boosted its position in shares of Badger Meter by 61.3% in the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company's stock valued at $176,000 after purchasing an additional 306 shares during the period. Annex Advisory Services LLC acquired a new position in Badger Meter in the 3rd quarter worth approximately $204,000. Finally, Magnetar Financial LLC purchased a new position in Badger Meter during the 2nd quarter worth approximately $207,000. Institutional investors own 89.01% of the company's stock.

Badger Meter Stock Performance

Shares of NYSE BMI traded up $0.49 during trading on Tuesday, reaching $207.20. The stock had a trading volume of 47,898 shares, compared to its average volume of 173,907. The firm's 50 day moving average price is $219.14 and its two-hundred day moving average price is $209.06. Badger Meter has a one year low of $139.50 and a one year high of $239.11. The stock has a market cap of $6.09 billion, a PE ratio of 51.41, a P/E/G ratio of 2.98 and a beta of 0.79.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.11 by ($0.03). The business had revenue of $208.44 million during the quarter, compared to the consensus estimate of $212.08 million. Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, research analysts expect that Badger Meter will post 4.19 earnings per share for the current year.

Badger Meter Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter's payout ratio is currently 33.75%.

Badger Meter Company 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.