Kornitzer Capital Management Inc. KS Invests $1.45 Million in Badger Meter, Inc. $BMI

Kornitzer Capital Management Inc. KS acquired a new position in shares of Badger Meter, Inc. (NYSE:BMI) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,500 shares of the scientific and technical instruments company’s stock, valued at approximately $1,447,000.

Several other institutional investors have also recently added to or reduced their stakes in BMI. Capital Innovations LLC acquired a new stake in shares of Badger Meter in the fourth quarter valued at $6,867,000. Bessemer Group Inc. lifted its stake in Badger Meter by 14.1% during the 4th quarter. Bessemer Group Inc. now owns 166,407 shares of the scientific and technical instruments company’s stock worth $29,023,000 after acquiring an additional 20,624 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Badger Meter during the 4th quarter worth about $2,126,000. Tudor Investment Corp ET AL boosted its holdings in Badger Meter by 67.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 106,927 shares of the scientific and technical instruments company’s stock valued at $19,095,000 after acquiring an additional 42,891 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Badger Meter by 6,924.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 46,852 shares of the scientific and technical instruments company’s stock valued at $8,171,000 after acquiring an additional 46,185 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

More Badger Meter News

Here are the key news stories impacting Badger Meter this week:

• Negative Sentiment: A class action has been filed alleging investor harm and securities law violations, with firms urging affected shareholders to seek recovery. Bronstein, Gewirtz & Grossman LLC Urges Badger Meter, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Multiple firms, including The Gross Law Firm, Rosen, Robbins, Glancy Prongay Wolke & Rotter, Faruqi & Faruqi, and Schall, are publicizing the same lawsuit and deadline, reinforcing legal uncertainty for BMI shareholders. BMI DEADLINE: The Gross Law Firm Reminds Badger Meter, Inc. Investors of Upcoming Securities Class Action Deadline
• Negative Sentiment: Earlier notices alleged misrepresentations around “secular growth drivers” and “robust demand,” which could raise concerns about prior revenue quality and future disclosure risk. Lost Money on Badger Meter, Inc. (BMI)? Join Class Action Suit Seeking Recovery – Contact SueWallSt

Analyst Ratings Changes

BMI has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Maxim Group cut shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Robert W. Baird cut their target price on shares of Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Stifel Nicolaus set a $140.00 target price on shares of Badger Meter in a report on Friday, May 22nd. Finally, Zacks Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $155.86.

Insider Buying and Selling

In other news, CEO Kenneth Bockhorst acquired 2,200 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were bought at an average cost of $117.53 per share, with a total value of $258,566.00. Following the transaction, the chief executive officer owned 51,676 shares in the company, valued at approximately $6,073,480.28. This trade represents a 4.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Wrocklage acquired 1,000 shares of Badger Meter stock in a transaction dated Thursday, April 23rd. The stock was purchased at an average price of $122.35 per share, for a total transaction of $122,350.00. Following the completion of the acquisition, the executive vice president directly owned 23,321 shares in the company, valued at approximately $2,853,324.35. This represents a 4.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 6,628 shares of company stock worth $777,128. Corporate insiders own 1.00% of the company’s stock.

Badger Meter Price Performance

BMI stock opened at $144.10 on Monday. The business’s 50-day moving average is $130.24 and its two-hundred day moving average is $146.49. The firm has a market capitalization of $4.21 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.58 and a beta of 0.64. Badger Meter, Inc. has a 1 year low of $112.09 and a 1 year high of $249.56.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 EPS for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The business had revenue of $220.71 million during the quarter. On average, analysts expect that Badger Meter, Inc. will post 4.51 EPS for the current year.

Badger Meter Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 22nd. Badger Meter’s payout ratio is 36.12%.

About Badger Meter

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.