Seaport Res Ptn Expects Stronger Earnings for Badger Meter

Badger Meter, Inc. (NYSE:BMI) – Equities researchers at Seaport Res Ptn upped their FY2024 earnings per share estimates for shares of Badger Meter in a research report issued to clients and investors on Thursday, October 17th. Seaport Res Ptn analyst S. Graham now anticipates that the scientific and technical instruments company will post earnings per share of $4.20 for the year, up from their previous estimate of $4.15. The consensus estimate for Badger Meter’s current full-year earnings is $4.10 per share. Seaport Res Ptn also issued estimates for Badger Meter’s Q1 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.13 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.36 EPS and FY2026 earnings at $5.22 EPS.

BMI has been the subject of a number of other research reports. Maxim Group lifted their target price on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus upped their price objective on Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. StockNews.com lowered Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Argus boosted their target price on Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Robert W. Baird increased their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.75.

Badger Meter Price Performance

BMI opened at $204.34 on Monday. The firm has a 50 day simple moving average of $209.84 and a 200 day simple moving average of $195.68. Badger Meter has a fifty-two week low of $134.06 and a fifty-two week high of $230.76. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 58.89, a price-to-earnings-growth ratio of 3.07 and a beta of 0.77.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The firm had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. Badger Meter’s revenue for the quarter was up 11.9% compared to the same quarter last year.

Institutional Investors Weigh In On Badger Meter

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of Badger Meter in the 2nd quarter valued at about $10,622,000. Driehaus Capital Management LLC grew its holdings in shares of Badger Meter by 66.4% during the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock worth $23,974,000 after buying an additional 51,318 shares in the last quarter. Millennium Management LLC raised its position in Badger Meter by 86.2% in the 2nd quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company’s stock valued at $18,782,000 after buying an additional 46,650 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Badger Meter by 47.1% in the 2nd quarter. Renaissance Technologies LLC now owns 126,100 shares of the scientific and technical instruments company’s stock valued at $23,499,000 after acquiring an additional 40,400 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Badger Meter by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,651,786 shares of the scientific and technical instruments company’s stock valued at $563,726,000 after acquiring an additional 37,517 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

Insider Transactions at Badger Meter

In related news, VP Kimberly K. Stoll sold 1,097 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $205.00, for a total transaction of $224,885.00. Following the completion of the sale, the vice president now directly owns 3,861 shares of the company’s stock, valued at approximately $791,505. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

Badger Meter Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from Badger Meter’s previous quarterly dividend of $0.27. Badger Meter’s dividend payout ratio (DPR) is currently 39.19%.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.