Public Sector Pension Investment Board Boosts Position in Badger Meter, Inc. $BMI

Public Sector Pension Investment Board raised its position in Badger Meter, Inc. (NYSE:BMI) by 14.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 114,971 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,536 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Badger Meter worth $20,532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BMI. Brighton Jones LLC purchased a new stake in shares of Badger Meter in the 4th quarter worth about $227,000. NewEdge Advisors LLC raised its position in Badger Meter by 328.0% during the first quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock worth $717,000 after acquiring an additional 2,886 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Badger Meter in the second quarter valued at about $260,000. Apollon Wealth Management LLC acquired a new stake in shares of Badger Meter in the second quarter valued at approximately $265,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Badger Meter by 5.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,514 shares of the scientific and technical instruments company’s stock valued at $1,351,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Wall Street Analysts Forecast Growth

BMI has been the subject of several research reports. Argus downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $191.00 price target (down from $229.00) on shares of Badger Meter in a report on Thursday, January 29th. Stifel Nicolaus set a $166.00 price objective on Badger Meter and gave the company a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. dropped their price objective on Badger Meter from $232.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Badger Meter in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $181.88.

Badger Meter Trading Down 1.9%

NYSE BMI opened at $155.33 on Friday. The business’s 50-day moving average price is $169.54 and its 200 day moving average price is $177.30. Badger Meter, Inc. has a twelve month low of $139.14 and a twelve month high of $256.08. The company has a market capitalization of $4.58 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). The company had revenue of $220.71 million for the quarter, compared to analyst estimates of $232.30 million. Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Equities analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

Insider Activity at Badger Meter

In related news, CEO Kenneth Bockhorst purchased 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average price of $152.42 per share, with a total value of $502,986.00. Following the completion of the transaction, the chief executive officer owned 40,013 shares of the company’s stock, valued at approximately $6,098,781.46. This trade represents a 8.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Wrocklage purchased 1,650 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was bought at an average price of $152.35 per share, for a total transaction of $251,377.50. Following the acquisition, the executive vice president owned 19,541 shares in the company, valued at $2,977,071.35. The trade was a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.80% of the company’s stock.

Badger Meter Profile

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.