Cavalier Investments LLC Buys 528 Shares of Badger Meter, Inc. (NYSE:BMI)

Cavalier Investments LLC boosted its stake in Badger Meter, Inc. (NYSE:BMI) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,399 shares of the scientific and technical instruments company’s stock after acquiring an additional 528 shares during the quarter. Badger Meter makes up about 0.9% of Cavalier Investments LLC’s investment portfolio, making the stock its 24th biggest position. Cavalier Investments LLC’s holdings in Badger Meter were worth $2,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Badger Meter during the fourth quarter valued at $28,000. Principal Securities Inc. raised its stake in shares of Badger Meter by 2,457.1% during the fourth quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 172 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Badger Meter during the fourth quarter valued at $39,000. ORG Partners LLC bought a new position in shares of Badger Meter during the fourth quarter valued at $42,000. Finally, Blue Trust Inc. raised its stake in shares of Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

Badger Meter Stock Up 0.6 %

Shares of NYSE BMI opened at $207.44 on Wednesday. Badger Meter, Inc. has a twelve month low of $150.87 and a twelve month high of $239.11. The firm has a fifty day simple moving average of $214.50 and a 200 day simple moving average of $213.43. The company has a market capitalization of $6.10 billion, a PE ratio of 49.04, a P/E/G ratio of 3.89 and a beta of 0.78.

Badger Meter (NYSE:BMI) last announced its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. As a group, equities analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, February 28th. Badger Meter’s payout ratio is 32.15%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Maxim Group raised their price target on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Badger Meter has an average rating of “Hold” and a consensus target price of $218.75.

Badger Meter Company Profile

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.