Badger Meter (NYSE:BMI) VP Edward Callahan Buys 751 Shares of Stock

Badger Meter, Inc. (NYSE:BMIGet Free Report) VP Edward Callahan purchased 751 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of $135.25 per share, for a total transaction of $101,572.75. Following the completion of the transaction, the vice president owned 1,937 shares of the company’s stock, valued at approximately $261,979.25. This trade represents a 63.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Badger Meter Trading Up 2.9%

Shares of Badger Meter stock opened at $134.12 on Friday. Badger Meter, Inc. has a 12-month low of $112.09 and a 12-month high of $204.00. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.38 and a beta of 0.64. The company’s 50-day moving average price is $135.59 and its 200-day moving average price is $142.48.

Badger Meter (NYSE:BMIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $220.30 million during the quarter, compared to analyst estimates of $220.59 million. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. Badger Meter’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. On average, sell-side analysts predict that Badger Meter, Inc. will post 4.43 earnings per share for the current year.

Hedge Funds Weigh In On Badger Meter

A number of large investors have recently added to or reduced their stakes in BMI. Kornitzer Capital Management Inc. KS purchased a new stake in Badger Meter during the first quarter valued at about $1,447,000. Capital Innovations LLC bought a new position in shares of Badger Meter during the fourth quarter valued at about $6,867,000. Bessemer Group Inc. increased its holdings in shares of Badger Meter by 14.1% in the fourth quarter. Bessemer Group Inc. now owns 166,407 shares of the scientific and technical instruments company’s stock worth $29,023,000 after buying an additional 20,624 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Badger Meter in the fourth quarter worth about $2,126,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Badger Meter by 113.9% in the 4th quarter. Handelsbanken Fonder AB now owns 95,662 shares of the scientific and technical instruments company’s stock valued at $16,684,000 after acquiring an additional 50,949 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter News Summary

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on BMI shares. Weiss Ratings raised shares of Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Barclays reaffirmed an “underweight” rating and set a $112.00 price objective (up from $109.00) on shares of Badger Meter in a report on Tuesday. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen cut Badger Meter from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Maxim Group downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $164.00.

Check Out Our Latest Report on BMI

Badger Meter Company Profile

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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.

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Insider Buying and Selling by Quarter for Badger Meter (NYSE:BMI)

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