Badger Meter Inc. (NYSE:BMI) fell 5.2% on Thursday . The stock traded as low as $70.48 and last traded at $70.95, with a volume of 57,285 shares trading hands. The stock had previously closed at $74.84.

Several brokerages have recently weighed in on BMI. Zacks Investment Research raised Badger Meter from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, April 21st. Sidoti began coverage on Badger Meter in a research note on Tuesday, April 12th. They issued a “neutral” rating for the company. Ladenburg Thalmann raised Badger Meter from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a research note on Thursday, May 5th. Robert W. Baird cut Badger Meter from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $67.00 to $70.00 in a research note on Wednesday, April 20th. Finally, Sterne Agee CRT reaffirmed a “neutral” rating on shares of Badger Meter in a research note on Monday, May 16th. Seven investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $63.80.

The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 33.14. The stock has a 50-day moving average of $72.93 and a 200 day moving average of $67.54.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. During the same period last year, the firm earned $0.55 EPS. The firm had revenue of $102.80 million for the quarter, compared to the consensus estimate of $104.54 million. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts expect that Badger Meter Inc. will post $2.35 EPS for the current year.

In other Badger Meter news, VP Beverly L. P. Smiley sold 4,500 shares of Badger Meter stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $70.90, for a total transaction of $319,050.00. Following the completion of the sale, the vice president now owns 53,285 shares of the company’s stock, valued at $3,777,906.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Beverly L. P. Smiley sold 500 shares of Badger Meter stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $71.00, for a total value of $35,500.00. Following the sale, the vice president now directly owns 49,000 shares of the company’s stock, valued at approximately $3,479,000. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in the stock. KBC Group NV raised its stake in Badger Meter by 63.5% in the fourth quarter. KBC Group NV now owns 55,706 shares of the company’s stock worth $3,264,000 after buying an additional 21,641 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in Badger Meter by 0.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 47,328 shares of the company’s stock worth $2,773,000 after buying an additional 275 shares during the period. US Bancorp DE raised its stake in Badger Meter by 0.4% in the fourth quarter. US Bancorp DE now owns 28,161 shares of the company’s stock worth $1,650,000 after buying an additional 117 shares during the period. Wells Fargo & Company MN raised its stake in Badger Meter by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 164,692 shares of the company’s stock worth $9,650,000 after buying an additional 35,793 shares during the period. Finally, Rhumbline Advisers raised its stake in Badger Meter by 7.5% in the fourth quarter. Rhumbline Advisers now owns 19,107 shares of the company’s stock worth $1,119,000 after buying an additional 1,330 shares during the period.

Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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