Badger Meter (NYSE:BMI) Given New $140.00 Price Target at Stifel Nicolaus
by Scott Moore · The Cerbat GemBadger Meter (NYSE:BMI – Get Free Report) had its price objective lowered by equities research analysts at Stifel Nicolaus from $174.00 to $140.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 20.94% from the company’s current price.
Other equities analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Badger Meter in a research note on Wednesday, January 21st. Robert W. Baird decreased their price objective on Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday. Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of Badger Meter from $190.00 to $160.00 and set an “overweight” rating for the company in a report on Friday. Finally, Argus cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $169.13.
Check Out Our Latest Stock Analysis on Badger Meter
Badger Meter Price Performance
BMI stock opened at $115.76 on Monday. Badger Meter has a 1-year low of $115.11 and a 1-year high of $256.08. The business has a 50 day simple moving average of $152.42 and a two-hundred day simple moving average of $167.43. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.87 and a beta of 0.90.
Badger Meter (NYSE:BMI – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The firm had revenue of $220.71 million during the quarter. Sell-side analysts anticipate that Badger Meter will post 4.65 EPS for the current fiscal year.
Insider Activity at Badger Meter
In related news, CEO Kenneth Bockhorst bought 3,300 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were acquired at an average cost of $152.42 per share, for a total transaction of $502,986.00. Following the purchase, the chief executive officer directly owned 40,013 shares of the company’s stock, valued at approximately $6,098,781.46. The trade was a 8.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Wrocklage purchased 1,650 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were bought at an average cost of $152.35 per share, with a total value of $251,377.50. Following the purchase, the executive vice president directly owned 19,541 shares of the company’s stock, valued at approximately $2,977,071.35. This represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 3,989 shares of company stock worth $596,002. 1.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Badger Meter
Hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Badger Meter during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake in Badger Meter by 76.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in Badger Meter during the 4th quarter valued at about $27,000. Caitlin John LLC purchased a new stake in Badger Meter in the third quarter valued at about $31,000. Finally, Brown Brothers Harriman & Co. raised its stake in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 71 shares during the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.
About Badger Meter
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.