Sen. Markwayne Mullin Sells Off Shares of Badger Meter, Inc. (NYSE:BMI)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Badger Meter, Inc. (NYSE:BMI). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Badger Meter stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.

Badger Meter Stock Down 1.0 %

Shares of Badger Meter stock opened at $212.12 on Thursday. The stock has a market cap of $6.24 billion, a P/E ratio of 52.64, a P/E/G ratio of 2.98 and a beta of 0.79. Badger Meter, Inc. has a 12-month low of $139.50 and a 12-month high of $239.11. The business’s 50 day moving average is $217.69 and its 200-day moving average is $207.57.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The company had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. During the same quarter last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Badger Meter, Inc. will post 4.19 EPS for the current year.

Badger Meter Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is currently 33.75%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Maxim Group raised their price objective on shares of Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus lifted their target price on Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Badger Meter currently has a consensus rating of “Hold” and an average price target of $216.00.

Institutional Investors Weigh In On Badger Meter

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Badger Meter by 1,016.7% in the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 183 shares during the period. GAMMA Investing LLC boosted its holdings in Badger Meter by 61.3% during the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after acquiring an additional 306 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of Badger Meter during the third quarter valued at approximately $204,000. Magnetar Financial LLC purchased a new position in shares of Badger Meter in the second quarter valued at about $207,000. Finally, ORBA Wealth Advisors L.L.C. bought a new position in Badger Meter during the 3rd quarter valued at approximately $207,000. Institutional investors own 89.01% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.