Should I buy or sell Badger Meter stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMI, but not buy additional shares or sell existing shares. View BMI analyst ratings or view top-rated stocks .

What is Badger Meter's stock price target for 2024?

5 Wall Street research analysts have issued 1 year price targets for Badger Meter's shares. Their BMI share price targets range from $120.00 to $180.00. On average, they expect the company's share price to reach $147.50 in the next twelve months. This suggests that the stock has a possible downside of 17.4%. View analysts price targets for BMI or view top-rated stocks among Wall Street analysts .

How have BMI shares performed in 2024?

Badger Meter's stock was trading at $154.37 at the beginning of 2024. Since then, BMI shares have increased by 15.6% and is now trading at $178.48. View the best growth stocks for 2024 here .

When is Badger Meter's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our BMI earnings forecast .

How were Badger Meter's earnings last quarter?

Badger Meter, Inc. (NYSE:BMI) released its quarterly earnings results on Thursday, April, 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.82 by $0.17. The scientific and technical instruments company had revenue of $196.80 million for the quarter, compared to analyst estimates of $182.25 million. Badger Meter had a net margin of 13.16% and a trailing twelve-month return on equity of 19.07%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share.

How often does Badger Meter pay dividends? What is the dividend yield for Badger Meter?

Badger Meter announced a quarterly dividend on Friday, February 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.27 per share on Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, February 22nd. Read our dividend analysis for BMI .

Is Badger Meter a good dividend stock?

Badger Meter (NYSE:BMI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.70%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 28.50% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BMI .

What ETFs hold Badger Meter's stock?

ETFs with the largest weight of Badger Meter (NYSE:BMI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT) , Newday Ocean Health ETF (AHOY) , ProShares S&P Technology Dividend Aristocrats ETF (TDV) , Global X Clean Water ETF (AQWA) , SPDR S&P Kensho Intelligent Structures ETF (SIMS) , iShares MSCI Water Management Multisector ETF (IWTR) , First Trust Water ETF (FIW) and Invesco S&P Global Water Index ETF (CGW) .

When did Badger Meter's stock split?

Badger Meter's stock split before market open on Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly minted shares were distributed to shareholders after the market closes on Thursday, September 15th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Ken Bockhorst's approval rating as Badger Meter's CEO?

21 employees have rated Badger Meter Chief Executive Officer Ken Bockhorst on Glassdoor.com . Ken Bockhorst has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Badger Meter own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Badger Meter investors own include A. O. Smith (AOS) , Cisco Systems (CSCO) , General Mills (GIS) , Intel (INTC) , Johnson & Johnson (JNJ) , Merck & Co., Inc. (MRK) , Aflac (AFL) , CVS Health (CVS) , Ecolab (ECL) and Philip Morris International (PM) .

Who are Badger Meter's major shareholders?

Badger Meter's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.95%), Congress Wealth Management LLC DE (0.15%), Cardinal Capital Management (0.07%), Hennion & Walsh Asset Management Inc. (0.07%), Bridge City Capital LLC (0.05%) and River Street Advisors LLC (0.01%). Insiders that own company stock include Fred J Begale , Gail A Lione , Gregory M Gomez , Kimberly K Stoll , Todd A Adams and William R A Bergum . View institutional ownership trends .

How do I buy shares of Badger Meter?

Shares of BMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BMI

Badger Meter (BMI) Stock Price, News & Analysis

→ This consistently signaled gains of 453%... 610%... and even 1036%... (From Insiders Exposed) (Ad)

Free BMI Stock Alerts

$178.51

+25.51 (+16.67%)

(As of 04/18/2024 ET)

Compare

Today's Range: $162.30
▼
$179.42
50-Day Range: $146.45
▼
$162.87
52-Week Range: $119.02
▼
$179.51

Volume: 696,401 shs
Average Volume: 179,893 shs
Market Capitalization: $5.24 billion

P/E Ratio: 56.85
Dividend Yield: 0.61%
Price Target: $147.50

Get Badger Meter alerts:

Badger Meter MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 17.4% Downside
$147.50 Price Target
Short Interest: Healthy
3.78% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.87
Upright™ Environmental Score
News Sentiment: 1.06
Based on 20 Articles This Week
Insider Trading: Selling Shares
$448,167 Sold Last Quarter
Proj. Earnings Growth: 7.06%
From $3.54 to $3.79 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.71 out of 5 stars

Computer And Technology Sector

209th out of 587 stocks

Fluid Meters & Counting Devices Industry

2nd out of 2 stocks

1.1

Analyst's Opinion

Consensus Rating
Badger Meter has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Badger Meter has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.78% of the outstanding shares of Badger Meter have been sold short.
Short Interest Ratio / Days to Cover
Badger Meter has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in Badger Meter has recently decreased by 4.31%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Badger Meter has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Badger Meter has been increasing its dividend for 31 years.
Dividend Coverage
The dividend payout ratio of Badger Meter is 34.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Badger Meter will have a dividend payout ratio of 28.50% next year. This indicates that Badger Meter will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Badger Meter has received a -21.43% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "GHG emissions", and "Non-GHG emissions". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Hydraulic actuators", "Pressure regulators", and "Flow measurement sensors" products. See details.
Environmental Sustainability
The Environmental Impact score for Badger Meter is -2.87.

2.8

News and Social Media Coverage

News Sentiment
Badger Meter has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Badger Meter this week, compared to 6 articles on an average week.
Search Interest
Only 4 people have searched for BMI on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Badger Meter to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Badger Meter insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $448,167.00 in company stock.
Percentage Held by Insiders
Only 0.80% of the stock of Badger Meter is held by insiders.
Percentage Held by Institutions
89.01% of the stock of Badger Meter is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Badger Meter are expected to grow by 7.06% in the coming year, from $3.54 to $3.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Badger Meter is 56.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Badger Meter is 56.84, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 245.47.
Price to Earnings Growth Ratio
Badger Meter has a PEG Ratio of 3.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Badger Meter has a P/B Ratio of 10.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Badger Meter Stock (NYSE:BMI)

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. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.

BMI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BMI Stock News Headlines

April 18, 2024 | marketwatch.com

Badger Meter Shares Rise 13% on 1Q Profit, Sales Beat

April 18, 2024 | msn.com

What's Going On With Badger Meter Stock Thursday?

April 18, 2024 | Paradigm Press (Ad)

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April 18, 2024 | investorplace.com

BMI Stock Earnings: Badger Meter Beats EPS, Beats Revenue for Q1 2024

April 18, 2024 | gurufocus.com

What's Driving Badger Meter Inc's Surprising 15% Stock Rally?

April 18, 2024 | fool.com

Why Badger Meter Stock Is Off the Charts Today

April 18, 2024 | msn.com

Badger Meter GAAP EPS of $0.99 beats by $0.15, revenue of $196.3M beats by $14.05M

April 18, 2024 | sfgate.com

Badger Meter: Q1 Earnings Snapshot

April 18, 2024 | Paradigm Press (Ad)

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April 18, 2024 | markets.businessinsider.com

Badger Meter Q1 Net Income Rises - Quick Facts

April 18, 2024 | businesswire.com

Badger Meter Reports Record First Quarter 2024 Financial Results

April 17, 2024 | markets.businessinsider.com

Badger Meter earnings: here's what Wall Street expects

April 17, 2024 | msn.com

Badger Meter Q1 2024 Earnings Preview

April 16, 2024 | americanbankingnews.com

Badger Meter, Inc. (NYSE:BMI) Given Average Recommendation of "Hold" by Analysts

April 11, 2024 | americanbankingnews.com

Badger Meter (BMI) Set to Announce Quarterly Earnings on Thursday

April 2, 2024 | businesswire.com

Badger Meter Schedules First Quarter 2024 Earnings Call

March 22, 2024 | finance.yahoo.com

Badger Meter (NYSE:BMI) Is Very Good At Capital Allocation

March 20, 2024 | seekingalpha.com

Badger Meter: Beware The Backlog

March 20, 2024 | fool.com

Want Decades of Passive Income? 4 Stocks to Buy Now

March 15, 2024 | ca.finance.yahoo.com

BMI Mar 2024 180.000 call

March 14, 2024 | investorplace.com

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March 6, 2024 | finance.yahoo.com

At US$161, Is It Time To Put Badger Meter, Inc. (NYSE:BMI) On Your Watch List?

February 29, 2024 | investorplace.com

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Analog Devices (ADI) Q1 Earnings & Revenues Beat, Fall Y/Y

February 18, 2024 | finance.yahoo.com

Badger Meter Full Year 2023 Earnings: In Line With Expectations

See More Headlines

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Company Calendar

Ex-Dividend for 3/8 Dividend: 2/22/2024
Dividend Payable: 3/08/2024
Dividend Payable: 3/08/2024
Today: 4/18/2024
Last Earnings: 4/18/2024
Next Earnings (Confirmed): 4/18/2024
Fiscal Year End: 12/31/2024
Ex-Dividend for 3/8 Dividend: 1/01/2100

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Fluid meters & counting devices
Sub-Industry: Electronic Equipment & Instruments
Current Symbol: NYSE:BMI
CUSIP: 05652510
CIK: 9092
Web: www.badgermeter.com
Phone: (414) 355-0400
Fax: 414-355-7499
Employees: 2,140
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $147.50
High Stock Price Target: $180.00
Low Stock Price Target: $120.00
Potential Upside/Downside: -17.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.14
Trailing P/E Ratio: 56.84
Forward P/E Ratio: 50.42
P/E Growth: 3.55
Net Income: $92.60 million
Net Margins: 13.16%
Pretax Margin: 17.33%
Return on Equity: 19.07%
Return on Assets: 13.72%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.35
Quick Ratio: 2.19

Sales & Book Value

Annual Sales: $703.59 million
Price / Sales: 7.45
Cash Flow: $4.76 per share
Price / Cash Flow: 37.46
Book Value: $17.60 per share
Price / Book: 10.14

Miscellaneous

Outstanding Shares: 29,350,000
Free Float: 29,120,000
Market Cap: $5.24 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Kenneth C. Bockhorst (Age 51)
Chairman, President & CEO
Comp: $2.48M
Mr. Robert A. Wrocklage (Age 45)
Senior VP & CFO
Comp: $982.24k
Mr. Richard Htwe (Age 57)
Vice President of Global Operations
Comp: $626.37k
Mr. Kimberly K. Stoll (Age 58)
Vice President of Sales & Marketing
Comp: $571.37k
Ms. Sheryl L. Hopkins (Age 56)
Vice President of Human Resources
Comp: $555.33k
Ms. Karen Bauer
VP of Investor Relations, Corporate Strategy & Treasurer
Mr. William R. A. Bergum (Age 59)
VP, General Counsel & Secretary
Comp: $527.76k
Mr. Daniel R. Weltzien (Age 44)
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BMI Stock Analysis - Frequently Asked Questions

Should I buy or sell Badger Meter stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMI, but not buy additional shares or sell existing shares.
View BMI analyst ratings or view top-rated stocks.
What is Badger Meter's stock price target for 2024?: 5 Wall Street research analysts have issued 1 year price targets for Badger Meter's shares. Their BMI share price targets range from $120.00 to $180.00. On average, they expect the company's share price to reach $147.50 in the next twelve months. This suggests that the stock has a possible downside of 17.4%.
View analysts price targets for BMI or view top-rated stocks among Wall Street analysts.
How have BMI shares performed in 2024?: Badger Meter's stock was trading at $154.37 at the beginning of 2024. Since then, BMI shares have increased by 15.6% and is now trading at $178.48.
View the best growth stocks for 2024 here.
When is Badger Meter's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our BMI earnings forecast.
How were Badger Meter's earnings last quarter?: Badger Meter, Inc. (NYSE:BMI) released its quarterly earnings results on Thursday, April, 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.82 by $0.17. The scientific and technical instruments company had revenue of $196.80 million for the quarter, compared to analyst estimates of $182.25 million. Badger Meter had a net margin of 13.16% and a trailing twelve-month return on equity of 19.07%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share.
How often does Badger Meter pay dividends? What is the dividend yield for Badger Meter?: Badger Meter announced a quarterly dividend on Friday, February 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.27 per share on Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, February 22nd.
Read our dividend analysis for BMI.
Is Badger Meter a good dividend stock?: Badger Meter (NYSE:BMI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.70%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 28.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

What ETFs hold Badger Meter's stock?: ETFs with the largest weight of Badger Meter (NYSE:BMI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Newday Ocean Health ETF (AHOY), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Global X Clean Water ETF (AQWA), SPDR S&P Kensho Intelligent Structures ETF (SIMS), iShares MSCI Water Management Multisector ETF (IWTR), First Trust Water ETF (FIW) and Invesco S&P Global Water Index ETF (CGW).
When did Badger Meter's stock split?: Badger Meter's stock split before market open on Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly minted shares were distributed to shareholders after the market closes on Thursday, September 15th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
What is Ken Bockhorst's approval rating as Badger Meter's CEO?: 21 employees have rated Badger Meter Chief Executive Officer Ken Bockhorst on Glassdoor.com. Ken Bockhorst has an approval rating of 78% among the company's employees.
What other stocks do shareholders of Badger Meter own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Badger Meter investors own include A. O. Smith (AOS), Cisco Systems (CSCO), General Mills (GIS), Intel (INTC), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Aflac (AFL), CVS Health (CVS), Ecolab (ECL) and Philip Morris International (PM).
Who are Badger Meter's major shareholders?: Badger Meter's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.95%), Congress Wealth Management LLC DE (0.15%), Cardinal Capital Management (0.07%), Hennion & Walsh Asset Management Inc. (0.07%), Bridge City Capital LLC (0.05%) and River Street Advisors LLC (0.01%). Insiders that own company stock include Fred J Begale, Gail A Lione, Gregory M Gomez, Kimberly K Stoll, Todd A Adams and William R A Bergum.
View institutional ownership trends.
How do I buy shares of Badger Meter?: Shares of BMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BMI) was last updated on 4/18/2024 by MarketBeat.com Staff

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