Badger Meter, Inc. (NYSE:BMI) Shares Purchased by ExodusPoint Capital Management LP

Posted by Defense World Staff on Jun 10th, 2023

ExodusPoint Capital Management LP increased its position in shares of Badger Meter, Inc. (NYSE:BMI – Get Rating) by 497.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,031 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,178 shares during the period. ExodusPoint Capital Management LP owned 0.06% of Badger Meter worth $1,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Badger Meter by 59.9% during the 4th quarter. Signaturefd LLC now owns 283 shares of the scientific and technical instruments company’s stock worth $31,000 after acquiring an additional 106 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Badger Meter by 576.8% in the third quarter. Quadrant Capital Group LLC now owns 379 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 323 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Badger Meter during the third quarter worth approximately $41,000. Standard Family Office LLC purchased a new stake in shares of Badger Meter during the 3rd quarter worth approximately $55,000. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Badger Meter by 39.1% in the 4th quarter. Banque Cantonale Vaudoise now owns 729 shares of the scientific and technical instruments company’s stock valued at $79,000 after buying an additional 205 shares in the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.

Badger Meter Price Performance

Badger Meter stock opened at $152.49 on Friday. The stock’s 50 day moving average price is $134.39 and its 200 day moving average price is $122.24. The company has a market cap of $4.47 billion, a PE ratio of 62.50 and a beta of 0.88. Badger Meter, Inc. has a 1-year low of $73.20 and a 1-year high of $153.31.

Badger Meter (NYSE:BMI – Get Rating) last issued its quarterly earnings data on Thursday, April 20th. The scientific and technical instruments company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.11. Badger Meter had a return on equity of 16.45% and a net margin of 12.08%. The business had revenue of $159.10 million for the quarter, compared to the consensus estimate of $142.73 million. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. On average, equities research analysts anticipate that Badger Meter, Inc. will post 2.69 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 26th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, May 25th. Badger Meter’s dividend payout ratio (DPR) is 36.89%.

Analysts Set New Price Targets

BMI has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Badger Meter from $108.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, April 17th. Maxim Group raised their price target on Badger Meter from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 21st. Robert W. Baird boosted their price objective on Badger Meter from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, April 17th. Argus increased their price objective on Badger Meter from $130.00 to $151.00 in a report on Monday, April 24th. Finally, StockNews.com started coverage on shares of Badger Meter in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.75.

Badger Meter Profile

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Badger Meter, Inc engages in the provision of flow measurement, control products, and communications solutions that serve water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products include water meters and related technologies to municipal water utilities.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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