Badger Meter (NYSE:BMI) Stock Sold Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Badger Meter, Inc. NYSE: BMI. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Badger Meter stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Axon Enterprise NASDAQ: AXON on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Sprouts Farmers Market NASDAQ: SFM on 12/18/2024.
• Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Ollie's Bargain Outlet NASDAQ: OLLI on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Stride NYSE: LRN on 12/18/2024.
• Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
• Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Freshpet NASDAQ: FRPT on 12/18/2024.

Badger Meter Stock Performance

Badger Meter stock traded down $2.13 during midday trading on Wednesday, reaching $212.12. 117,813 shares of the company were exchanged, compared to its average volume of 181,985. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 52.64, a P/E/G ratio of 2.98 and a beta of 0.79. The firm's 50-day simple moving average is $217.69 and its 200-day simple moving average is $207.57. Badger Meter, Inc. has a 1 year low of $139.50 and a 1 year high of $239.11.

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

Badger Meter Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors 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 dividend yield of 0.64%. The ex-dividend date was Friday, November 22nd. Badger Meter's payout ratio is currently 33.75%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BMI shares. Stifel Nicolaus increased their price target on Badger Meter from $203.00 to $208.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Robert W. Baird increased their target price on Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, Maxim Group lifted their price target on Badger Meter from $216.00 to $235.00 and gave the company a "buy" rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Badger Meter has a consensus rating of "Hold" and an average price target of $216.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Badger Meter during the 2nd quarter worth approximately $10,622,000. Driehaus Capital Management LLC grew its stake in Badger Meter by 66.4% during the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company's stock worth $23,974,000 after buying an additional 51,318 shares during the period. Millennium Management LLC increased its position in shares of Badger Meter by 86.2% in the second quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company's stock worth $18,782,000 after acquiring an additional 46,650 shares in the last quarter. Barclays PLC raised its stake in shares of Badger Meter by 348.5% in the 3rd quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company's stock valued at $12,034,000 after acquiring an additional 42,806 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Badger Meter by 47.1% during the 2nd quarter. Renaissance Technologies LLC now owns 126,100 shares of the scientific and technical instruments company's stock valued at $23,499,000 after acquiring an additional 40,400 shares in the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.