Badger Meter Inc. (BMI) Sees Unusually-High Trading Volume
Badger Meter Inc. (NYSE:BMI) saw unusually-high trading volume on Friday . Approximately 173,386 shares changed hands during mid-day trading, an increase of 124% from the previous session’s volume of 77,477 shares.The stock last traded at $68.79 and had previously closed at $69.19.
BMI has been the subject of several research analyst reports. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Badger Meter in a research report on Monday, May 16th. Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Ladenburg Thalmann raised shares of Badger Meter from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a research report on Thursday, May 5th. Seven investment analysts have rated the stock with a hold rating, Badger Meter currently has an average rating of “Hold” and a consensus target price of $63.80.
The firm’s 50-day moving average is $71.25 and its 200-day moving average is $69.55. The stock has a market capitalization of $1.00 billion and a PE ratio of 31.85. Badger Meter’s stock is set to split on the morning of Friday, September 16th. The 2-1 split was announced on Friday, August 12th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, September 15th.
Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.65 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.65. The company had revenue of $102.80 million for the quarter, compared to analyst estimates of $104.54 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Badger Meter Inc. will post $2.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.23 per share. This is a positive change from Badger Meter’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, August 29th.
Other institutional investors recently made changes to their positions in the company. KBC Group NV increased its position in shares of 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 in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of 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 in the last quarter. US Bancorp DE increased its position in shares of 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 in the last quarter. Wells Fargo & Company MN increased its position in shares of 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 in the last quarter. Finally, Rhumbline Advisers increased its position in shares of 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 in the last quarter.
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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