Badger Meter, Inc. (NYSE:BMI) Receives $218.75 Consensus Target Price from Analysts

Shares of Badger Meter, Inc. (NYSE:BMI) have been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $218.75.

Several analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Robert W. Baird boosted their target price on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Maxim Group raised their price target on Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a report on Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMI. U.S. Capital Wealth Advisors LLC grew its position in Badger Meter by 0.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 6,204 shares of the scientific and technical instruments company’s stock valued at $1,316,000 after acquiring an additional 50 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Badger Meter by 4.2% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,271 shares of the scientific and technical instruments company’s stock valued at $270,000 after purchasing an additional 51 shares during the period. HighTower Advisors LLC grew its holdings in shares of Badger Meter by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,312 shares of the scientific and technical instruments company’s stock valued at $1,165,000 after purchasing an additional 56 shares in the last quarter. Private Advisor Group LLC increased its stake in Badger Meter by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after buying an additional 71 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Badger Meter by 0.9% during the 4th quarter. Arizona State Retirement System now owns 8,536 shares of the scientific and technical instruments company’s stock worth $1,811,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter Stock Up 0.6 %

Shares of Badger Meter stock opened at $215.23 on Friday. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 3.85 and a beta of 0.78. The stock’s 50-day simple moving average is $217.33 and its 200-day simple moving average is $211.93. Badger Meter has a 52 week low of $147.96 and a 52 week high of $239.11.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. On average, equities analysts expect that Badger Meter will post 4.65 earnings per share for the current year.

Badger Meter Company Profile

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.