Badger Meter Inc. (NYSE:BMI) posted its quarterly earnings data on Tuesday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The company earned $96.30 million during the quarter, compared to analyst estimates of $105.66 million. Badger Meter had a return on equity of 13.19% and a net margin of 7.81%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS.
Shares of Badger Meter (NYSE:BMI) opened at 33.01 on Tuesday. The firm has a market capitalization of $960.49 million, a P/E ratio of 30.56 and a beta of 0.63. The firm has a 50-day moving average of $33.19 and a 200-day moving average of $35.00. Badger Meter has a one year low of $26.40 and a one year high of $39.36.
In other Badger Meter news, insider Ronald H. Dix sold 2,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $68.72, for a total transaction of $137,440.00. Following the completion of the transaction, the insider now directly owns 28,300 shares in the company, valued at $1,944,776. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Fred J. Begale sold 1,720 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $66.00, for a total value of $113,520.00. Following the transaction, the vice president now owns 2,336 shares of the company’s stock, valued at $154,176. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC bought a new position in Badger Meter during the second quarter valued at about $200,000. Bridgeway Capital Management Inc. bought a new position in Badger Meter during the second quarter valued at about $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 valued at $240,000 after buying an additional 222 shares in the last quarter. AQR Capital Management LLC bought a new position in Badger Meter during the second quarter valued at about $316,000. Finally, Parametric Portfolio Associates LLC raised its position in Badger Meter by 9.4% in the second quarter. Parametric Portfolio Associates LLC now owns 5,729 shares of the company’s stock valued at $418,000 after buying an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 39.86% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.88.
Badger Meter Company Profile