Badger Meter, Inc. (NYSE:BMI) Shares Sold by Monument Capital Management

Monument Capital Management cut its position in Badger Meter, Inc. (NYSE:BMI) by 3.0% during the 1st quarter, HoldingsChannel reports. The firm owned 15,104 shares of the scientific and technical instruments company’s stock after selling 471 shares during the quarter. Monument Capital Management’s holdings in Badger Meter were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BMI. Frazier Financial Advisors LLC bought a new stake in shares of Badger Meter during the fourth quarter valued at about $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Badger Meter during the 4th quarter worth about $33,000. GAMMA Investing LLC bought a new stake in shares of Badger Meter during the 4th quarter worth $40,000. Planned Solutions Inc. bought a new stake in shares of Badger Meter during the 4th quarter worth $45,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Badger Meter by 8,666.7% in the 4th quarter. AdvisorNet Financial Inc now owns 526 shares of the scientific and technical instruments company’s stock worth $81,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

Badger Meter Price Performance

Badger Meter stock traded up $1.72 during mid-day trading on Wednesday, hitting $188.57. The company’s stock had a trading volume of 42,179 shares, compared to its average volume of 181,342. Badger Meter, Inc. has a 52-week low of $134.06 and a 52-week high of $202.81. The company has a market cap of $5.54 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 3.04 and a beta of 0.78. The firm’s 50 day moving average is $190.36 and its 200 day moving average is $167.63.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.17. The business had revenue of $196.80 million during the quarter, compared to analyst estimates of $182.25 million. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Badger Meter, Inc. will post 3.94 EPS for the current year.

Badger Meter Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.08 annualized dividend and a yield of 0.57%. Badger Meter’s dividend payout ratio (DPR) is currently 31.12%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Stifel Nicolaus raised their target price on shares of Badger Meter from $147.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Northcoast Research raised shares of Badger Meter from a “sell” rating to a “neutral” rating in a research report on Thursday, April 18th. Robert W. Baird upped their price target on shares of Badger Meter from $151.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Finally, Maxim Group raised their price objective on shares of Badger Meter from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.50.

Badger Meter Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.