Badger Meter Inc. (NYSE:BMI) VP Richard E. Johnson sold 10,400 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $36.04, for a total value of $374,816.00. Following the sale, the vice president now owns 159,984 shares in the company, valued at $5,765,823.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Richard E. Johnson also recently made the following trade(s): On Thursday, November 10th, Richard E. Johnson sold 5,000 shares of Badger Meter stock. The shares were sold at an average price of $34.52, for a total value of $172,600.00.
Badger Meter Inc. (NYSE:BMI) opened at 36.20 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 33.21 and a beta of 0.55. Badger Meter Inc. has a 12-month low of $26.40 and a 12-month high of $39.36. The stock’s 50 day moving average price is $33.21 and its 200 day moving average price is $34.73.
Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Badger Meter had a net margin of 7.99% and a return on equity of 13.07%. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $105.66 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Badger Meter Inc. will post $1.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, November 28th. Badger Meter’s dividend payout ratio (DPR) is 42.20%.
Separately, Zacks Investment Research downgraded Badger Meter from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $32.88.
A number of institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Badger Meter by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 383,549 shares of the company’s stock worth $25,510,000 after buying an additional 8,406 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Badger Meter during the second quarter worth approximately $752,000. Cardinal Capital Management increased its position in shares of Badger Meter by 6.1% in the second quarter. Cardinal Capital Management now owns 9,972 shares of the company’s stock worth $728,000 after buying an additional 574 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Badger Meter by 4.4% in the second quarter. Essex Investment Management Co. LLC now owns 22,968 shares of the company’s stock worth $1,677,000 after buying an additional 965 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Badger Meter by 77.4% in the second quarter. Victory Capital Management Inc. now owns 1,403 shares of the company’s stock worth $102,000 after buying an additional 612 shares during the period. 60.84% of the stock is owned by institutional investors.
About Badger Meter