Richard A. Meeusen Sells 10,000 Shares of Badger Meter Inc. (BMI) Stock
Badger Meter Inc. (NYSE:BMI) Chairman Richard A. Meeusen sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $34.41, for a total value of $344,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Badger Meter Inc. (NYSE:BMI) opened at 35.40 on Wednesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 32.48 and a beta of 0.55. The firm has a 50-day moving average price of $32.78 and a 200-day moving average price of $34.79. Badger Meter Inc. has a 12-month low of $26.40 and a 12-month high of $39.36.
Badger Meter (NYSE:BMI) last posted its earnings results on Tuesday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Badger Meter had a net margin of 7.99% and a return on equity of 13.07%. The business earned $96.30 million during the quarter, compared to analyst estimates of $105.66 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Badger Meter Inc. will post $1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.46 dividend on an annualized basis and a yield of 1.30%. Badger Meter’s payout ratio is 42.20%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC boosted its position in Badger Meter by 0.4% in the second quarter. BlackRock Advisors LLC now owns 6,810 shares of the company’s stock worth $497,000 after buying an additional 25 shares during the last quarter. BOKF NA boosted its position in Badger Meter by 0.4% in the second quarter. BOKF NA now owns 7,327 shares of the company’s stock worth $535,000 after buying an additional 26 shares during the last quarter. PineBridge Investments L.P. boosted its position in Badger Meter by 3.9% in the second quarter. PineBridge Investments L.P. now owns 1,844 shares of the company’s stock worth $134,000 after buying an additional 69 shares during the last quarter. Alliancebernstein L.P. boosted its position in Badger Meter by 0.3% in the second quarter. Alliancebernstein L.P. now owns 29,407 shares of the company’s stock worth $2,148,000 after buying an additional 102 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Badger Meter by 3.0% in the second quarter. BlackRock Inc. now owns 6,557 shares of the company’s stock worth $479,000 after buying an additional 192 shares during the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Badger Meter from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.88.
Badger Meter Company Profile
Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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