Badger Meter Inc. (BMI) to Issue Quarterly Dividend of $0.12 on December 15th
Badger Meter Inc. (NYSE:BMI) announced a quarterly dividend on Friday, November 11th. Investors of record on Wednesday, November 30th will be given a dividend of 0.115 per share on Thursday, December 15th. This represents a $0.46 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, November 28th.
Shares of Badger Meter (NYSE:BMI) opened at 35.65 on Wednesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 32.71 and a beta of 0.55. The company has a 50-day moving average of $33.13 and a 200-day moving average of $34.72. Badger Meter has a 52-week low of $26.40 and a 52-week high of $39.36.
Badger Meter (NYSE:BMI) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.30 earnings per share 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 firm earned $96.30 million during the quarter, compared to analysts’ expectations of $105.66 million. During the same period in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Badger Meter will post $1.14 EPS for the current year.
Separately, Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Badger Meter currently has an average rating of “Hold” and an average target price of $32.88.
In related news, VP Fred J. Begale sold 1,720 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $66.00, for a total transaction of $113,520.00. Following the transaction, the vice president now directly owns 2,336 shares in the company, valued at $154,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard E. Johnson sold 10,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $35.70, for a total transaction of $357,000.00. Following the transaction, the vice president now owns 170,384 shares in the company, valued at $6,082,708.80. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Profund Advisors LLC acquired a new position in Badger Meter during the second quarter worth $200,000. SG Americas Securities LLC acquired a new position in Badger Meter during the third quarter worth $202,000. Bridgeway Capital Management Inc. acquired a new position in Badger Meter during the second quarter worth $230,000. Raymond James & Associates raised its position in Badger Meter by 7.3% in the second quarter. Raymond James & Associates now owns 3,280 shares of the company’s stock worth $240,000 after buying an additional 222 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Badger Meter during the second quarter worth $316,000. Hedge funds and other institutional investors own 60.84% of the company’s stock.
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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