Richard A. Meeusen Sells 16,500 Shares of Badger Meter, Inc. (BMI) Stock
Badger Meter, Inc. (NYSE:BMI) Chairman Richard A. Meeusen sold 16,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $44.61, for a total transaction of $736,065.00. Following the completion of the transaction, the chairman now directly owns 164,620 shares of the company’s stock, valued at approximately $7,343,698.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Badger Meter, Inc. (BMI) opened at 44.80 on Tuesday. The company has a 50-day moving average of $41.25 and a 200 day moving average of $38.47. Badger Meter, Inc. has a one year low of $29.30 and a one year high of $46.85. The firm has a market cap of $1.30 billion, a PE ratio of 37.97 and a beta of 0.56.
Badger Meter (NYSE:BMI) last released its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $104.17 million during the quarter, compared to analysts’ expectations of $108.02 million. Badger Meter had a return on equity of 13.19% and a net margin of 8.67%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. On average, equities research analysts expect that Badger Meter, Inc. will post $1.29 EPS for the current fiscal year.
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BMI has been the subject of several recent research reports. BidaskClub lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a report on Wednesday, May 24th. Sidoti reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.00.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Badger Meter by 24,345.9% in the first quarter. BlackRock Inc. now owns 3,496,500 shares of the scientific and technical instruments company’s stock valued at $128,499,000 after buying an additional 3,482,197 shares during the period. Eagle Asset Management Inc. acquired a new position in Badger Meter during the first quarter valued at approximately $15,061,000. Goldman Sachs Group Inc. boosted its position in Badger Meter by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 954,492 shares of the scientific and technical instruments company’s stock valued at $35,077,000 after buying an additional 244,086 shares during the period. Vanguard Group Inc. boosted its position in Badger Meter by 6.9% in the first quarter. Vanguard Group Inc. now owns 2,795,037 shares of the scientific and technical instruments company’s stock valued at $102,718,000 after buying an additional 180,585 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Badger Meter by 833.4% in the first quarter. Parametric Portfolio Associates LLC now owns 130,818 shares of the scientific and technical instruments company’s stock valued at $4,808,000 after buying an additional 116,803 shares during the period. Institutional investors own 84.36% of the company’s stock.
About Badger Meter
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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