The Vanguard Group, Inc. has recently announced that it has increased stake in Badger Meter Inc. (NYSE:BMI) by 1.48%. After grabbing 3.41 million shares, the institutional investor is now in possession of 49839.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.65% having worth around $371.64 million. Moreover, SSgA Funds Management, Inc. increased its share by 26896.0 to have a control over 2.1 million shares. And Impax Asset Management Ltd. raised its holdings to 18336.0 shares by acquiring 1.18 million shares or 4.05% of the stake.
Badger Meter Inc. (BMI) concluded trading on 01/19/23 at a closing price of $111.97, with 0.16 million shares of worth about $17.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.32% during that period and on Thursday the price saw a loss of about -3.43%. Currently the company’s common shares owned by public are about 29.22M shares, out of which, 29.09M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the BMI stock and their offered price forecasts bring an average price target of $104.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $125.00 and could fall to a lowest price of $80.00. The stock’s current price level is -10.42% below of average price target set by the analysts, while a dip to estimated low would result in loss of -39.96% for the stock. However, touching the estimated high of $125.00 would mean a gain of 10.42% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 19,495 shares in 23 of the transactions. In 11 selling transactions, insiders dumped 7,627 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Badger Meter Inc. iShares Core S&P Small Cap ETF is currently holding 2.16 million shares of worth totaling $235.69 million. The company recently came selling 5188.0 shares which brought its stake up to 7.39% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1284.0 shares, after which its hold over company’s outstanding shares expand to 3.02%, leaving 0.88 million shares with the mutual fund that have a worth of about $96.27 million. Vanguard Small Cap Index Fund, after buying 0.76 million shares, have now control over 2.59% of the stake in the company. It holds 1362.0 shares of worth $82.49 million.
Badger Meter Inc. (NYSE: BMI) started trading at $115.76, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 115.76, or with a loss of -3.43%. Stock saw a price change of -1.14% in past 5 days and over the past one month there was a price change of 1.67%. Year-to-date (YTD), BMI shares are showing a performance of 2.70% which increased to 22.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.20 but also hit the highest price of $120.54 during that period. The average intraday trading volume for Badger Meter Inc. shares is 154.05K. The stock is currently trading 0.98% above its 20-day simple moving average (SMA20), while that difference is down -0.80% for SMA50 and it goes to 17.06% higher than SMA200.
The Vanguard Group, Inc. acquired 3.41 million shares of Badger Meter Inc. having value of about $371.64 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 49839.0 shares in the company valued at close to $5580472.83, or have control over 1.48% stake in the company. Badger Meter Inc. (NYSE: BMI) currently have 29.22M outstanding shares and institutions hold larger chunk of about 94.80% of that. Holding of mutual funds in the company is about 61.88% while other institutional holders and individual stake holders have control over 7.24% and 30.21% of the stake respectively.
The stock has a current market capitalization of $3.23B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 49.63, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 3.33 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BMI, volatility over the week remained 2.67% while standing at 2.54% over the month.
Analysts are in expectations that Badger Meter Inc. (BMI) stock would likely to be making an EPS of $0.61 in the current quarter, while forecast for next quarter EPS is $0.57 and it is $2.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.57 which is $0.68 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.59 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.90% while it is estimated to increase by 12.42% in next year. EPS is likely to grow at an annualized rate of 14.90% for next 5-years, compared to annual growth of 13.30% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Badger Meter Inc. (BMI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 7 Wall Street analysts, 2 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Coverage by Maxim Group stated Badger Meter Inc. (BMI) stock as a Buy in their note to investors on January 31, 2022, suggesting a price target of $125 for the stock. On March 31, 2021, Morgan Stanley Initiated their recommendations, while on June 30, 2020, Argus Initiated their ratings for the stock with a price target of $71. Stock get a Hold rating from Maxim Group on April 08, 2020.