SG Americas Securities LLC lessened its position in shares of Badger Meter, Inc. (NYSE:BMI – Get Rating) by 49.2% in the 1st quarter, HoldingsChannel reports. The fund owned 17,609 shares of the scientific and technical instruments company’s stock after selling 17,074 shares during the period. SG Americas Securities LLC’s holdings in Badger Meter were worth $1,756,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its holdings in shares of Badger Meter by 150.0% in the 4th quarter. Strs Ohio now owns 500 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 300 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Badger Meter in the 4th quarter valued at $9,324,000. TAP Consulting LLC boosted its holdings in shares of Badger Meter by 22.7% in the 4th quarter. TAP Consulting LLC now owns 50,602 shares of the scientific and technical instruments company’s stock valued at $5,392,000 after buying an additional 9,376 shares in the last quarter. Exane Derivatives boosted its holdings in shares of Badger Meter by 7.2% in the 4th quarter. Exane Derivatives now owns 2,479 shares of the scientific and technical instruments company’s stock valued at $264,000 after buying an additional 167 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Badger Meter in the 4th quarter valued at $6,632,000. Institutional investors and hedge funds own 93.75% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on BMI shares. TheStreet cut shares of Badger Meter from a “b” rating to a “c+” rating in a report on Thursday, May 5th. Northcoast Research started coverage on shares of Badger Meter in a research note on Friday, July 15th. They set a “neutral” rating for the company. StockNews.com cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Saturday, April 23rd. Stifel Nicolaus decreased their price target on shares of Badger Meter from $88.00 to $79.00 in a research note on Wednesday, July 20th. Finally, Morgan Stanley cut their price objective on shares of Badger Meter from $95.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $94.67.
Badger Meter Stock Up 0.1 %
Shares of BMI opened at $89.24 on Tuesday. The company has a 50-day simple moving average of $79.78 and a 200-day simple moving average of $89.00. The company has a market capitalization of $2.61 billion, a PE ratio of 40.75 and a beta of 0.80. Badger Meter, Inc. has a 52-week low of $73.20 and a 52-week high of $112.36.
Badger Meter (NYSE:BMI – Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $132.04 million. Badger Meter had a net margin of 12.00% and a return on equity of 15.83%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. On average, research analysts anticipate that Badger Meter, Inc. will post 2.3 EPS for the current year.
Badger Meter Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.80 dividend on an annualized basis and a yield of 0.90%. Badger Meter’s payout ratio is 36.53%.
Badger Meter Company Profile
Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.
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