Cwm LLC Purchases 165 Shares of Badger Meter, Inc. (NYSE:BMI)

Cwm LLC increased its stake in Badger Meter, Inc. (NYSE:BMI) by 18.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,078 shares of the scientific and technical instruments company’s stock after buying an additional 165 shares during the period. Cwm LLC’s holdings in Badger Meter were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Badger Meter by 22.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock valued at $519,000 after buying an additional 506 shares in the last quarter. SG Americas Securities LLC bought a new position in Badger Meter during the 1st quarter valued at approximately $369,000. GAMMA Investing LLC increased its position in Badger Meter by 11.8% during the 1st quarter. GAMMA Investing LLC now owns 878 shares of the scientific and technical instruments company’s stock valued at $167,000 after buying an additional 93 shares in the last quarter. Golden State Wealth Management LLC increased its position in Badger Meter by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Badger Meter by 74.4% during the 4th quarter. Schroder Investment Management Group now owns 5,945 shares of the scientific and technical instruments company’s stock valued at $1,274,000 after buying an additional 2,536 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

BMI has been the subject of a number of analyst reports. Argus set a $240.00 price objective on Badger Meter in a research report on Thursday, April 24th. Raymond James Financial initiated coverage on Badger Meter in a research report on Tuesday, June 3rd. They set a “market perform” rating for the company. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a research report on Wednesday. Robert W. Baird upped their price objective on Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lowered their price objective on Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Badger Meter presently has a consensus rating of “Hold” and a consensus target price of $238.40.

Badger Meter Price Performance

BMI stock opened at $193.18 on Monday. Badger Meter, Inc. has a 1-year low of $162.17 and a 1-year high of $256.08. The business has a fifty day moving average price of $240.42 and a 200-day moving average price of $219.39. The stock has a market capitalization of $5.69 billion, a P/E ratio of 42.09, a P/E/G ratio of 3.39 and a beta of 0.83.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a return on equity of 21.57% and a net margin of 15.53%. The business had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $235.38 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

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.