Badger Meter (NYSE:BMI) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS
by Jessica Moore · The Cerbat GemBadger Meter (NYSE:BMI – Get Free Report) released its earnings results on Friday. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.28), FiscalAI reports. The business had revenue of $202.28 million for the quarter, compared to the consensus estimate of $232.10 million. Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share.
Badger Meter Stock Performance
Shares of BMI opened at $152.83 on Friday. The stock has a market cap of $4.46 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.55 and a beta of 0.90. Badger Meter has a one year low of $139.14 and a one year high of $256.08. The stock has a 50-day moving average of $153.13 and a two-hundred day moving average of $167.99.
Badger Meter Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Badger Meter’s dividend payout ratio (DPR) is currently 33.33%.
Insider Buying and Selling at Badger Meter
In other Badger Meter news, VP Kimberly K. Stoll sold 1,634 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $149.01, for a total value of $243,482.34. Following the sale, the vice president directly owned 3,256 shares of the company’s stock, valued at approximately $485,176.56. This represents a 33.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Wrocklage acquired 1,650 shares of Badger Meter stock in a transaction on Monday, February 9th. The shares were bought at an average price of $152.35 per share, with a total value of $251,377.50. Following the purchase, the executive vice president directly owned 19,541 shares in the company, valued at approximately $2,977,071.35. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 3,989 shares of company stock valued at $596,002. Company insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BMI. Virtu Financial LLC acquired a new position in Badger Meter in the fourth quarter valued at approximately $438,000. Corient Private Wealth LLC grew its stake in shares of Badger Meter by 3.8% during the 4th quarter. Corient Private Wealth LLC now owns 8,925 shares of the scientific and technical instruments company’s stock worth $1,559,000 after purchasing an additional 324 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Badger Meter by 2.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,583 shares of the scientific and technical instruments company’s stock valued at $974,000 after purchasing an additional 135 shares in the last quarter. Caitlin John LLC lifted its stake in shares of Badger Meter by 1,011.9% in the 4th quarter. Caitlin John LLC now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $341,000 after purchasing an additional 1,781 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Badger Meter by 6.8% in the 4th quarter. Vident Advisory LLC now owns 21,855 shares of the scientific and technical instruments company’s stock valued at $3,812,000 after purchasing an additional 1,386 shares during the period. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on BMI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Badger Meter in a report on Wednesday, January 21st. Jefferies Financial Group dropped their target price on Badger Meter from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Stifel Nicolaus set a $174.00 price target on Badger Meter and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $167.00 price objective on shares of Badger Meter in a research note on Thursday, January 29th. Finally, Barclays set a $136.00 price objective on Badger Meter and gave the company an “underweight” rating in a research report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Badger Meter presently has a consensus rating of “Hold” and an average target price of $183.88.
Read Our Latest Stock Report on Badger Meter
Badger Meter Company Profile
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.