Badger Meter, Inc. (NYSE:BMI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 67.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,792 shares of the scientific and technical instruments company's stock after selling 5,703 shares during the period. AlphaQuest LLC's holdings in Badger Meter were worth $592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burney Co. acquired a new stake in shares of Badger Meter during the 4th quarter worth about $385,000. Van ECK Associates Corp raised its position in shares of Badger Meter by 68.1% during 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 acquiring an additional 13,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Badger Meter by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,378 shares of the scientific and technical instruments company's stock worth $74,322,000 after acquiring an additional 12,180 shares in the last quarter. Stifel Financial Corp raised its position in shares of Badger Meter by 29.0% during 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 acquiring an additional 2,692 shares in the last quarter. Finally, Fortress Financial Solutions LLC acquired a new stake in shares of Badger Meter during the 4th quarter worth about $369,000. Institutional investors and hedge funds own 89.01% of the company's stock.

Badger Meter Stock Down 1.2 %

BMI opened at $206.86 on Wednesday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 3.89 and a beta of 0.83. Badger Meter, Inc. has a 52 week low of $150.87 and a 52 week high of $239.11. The business's 50 day moving average is $212.90 and its two-hundred day moving average is $214.10.

Remove Ads

Badger Meter (NYSE:BMI - Get Free Report) last announced its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.66%. Badger Meter's dividend payout ratio (DPR) is currently 32.15%.

Insider Buying and Selling at Badger Meter

In other Badger Meter news, VP William R. A. Bergum sold 148 shares of Badger Meter stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total value of $31,395.24. Following the transaction, the vice president now directly owns 14,051 shares in the company, valued at approximately $2,980,638.63. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Karen M. Bauer sold 1,147 shares of Badger Meter stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $209.74, for a total value of $240,571.78. Following the completion of the transaction, the vice president now owns 5,076 shares in the company, valued at $1,064,640.24. This trade represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,949 shares of company stock worth $4,398,407. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Maxim Group lifted their price target on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $218.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.