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

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 Performance

BMI stock opened at $211.68 on Friday. Badger Meter, Inc. has a 52 week low of $139.50 and a 52 week high of $239.11. The company has a market capitalization of $6.23 billion, a PE ratio of 52.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. The company’s 50-day simple moving average is $217.90 and its 200 day simple moving average is $207.59.

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

Badger Meter Dividend Announcement

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

Hedge Funds Weigh In On Badger Meter

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 183 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock worth $176,000 after buying an additional 306 shares in the last quarter. Annex Advisory Services LLC bought a new position in shares of Badger Meter in the 3rd quarter valued at $204,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of Badger Meter during the 3rd quarter valued at $207,000. Finally, Public Employees Retirement System of Ohio grew its position in Badger Meter by 636.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 950 shares of the scientific and technical instruments company’s stock worth $207,000 after acquiring an additional 821 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

BMI has been the topic of a number of recent research reports. Maxim Group raised their price objective on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Robert W. Baird raised their price target on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus upped their price objective on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $216.00.

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.

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.