Badger Meter (NYSE:BMI) Shares Unloaded Sen. Markwayne Mullin

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 $1,001 and $15,000 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 $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.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Badger Meter Price Performance

Shares of NYSE BMI opened at $212.12 on Thursday. The company has a market cap of $6.24 billion, a PE ratio of 52.64, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. The company has a 50-day simple moving average of $217.69 and a 200-day simple moving average of $207.57. Badger Meter, Inc. has a 12 month low of $139.50 and a 12 month high of $239.11.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). The business had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, analysts anticipate 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. Shareholders of record on Friday, November 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 0.64%. Badger Meter’s dividend payout ratio (DPR) is 33.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Maxim Group upped their price target on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus lifted their price target on shares of Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $216.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in shares of Badger Meter during the second quarter worth about $10,622,000. Driehaus Capital Management LLC grew its position in Badger Meter by 66.4% in the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock valued at $23,974,000 after acquiring an additional 51,318 shares in the last quarter. Millennium Management LLC raised its stake in shares of Badger Meter by 86.2% during the second quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company’s stock valued at $18,782,000 after purchasing an additional 46,650 shares during the period. Barclays PLC lifted its position in shares of Badger Meter by 348.5% during the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock worth $12,034,000 after purchasing an additional 42,806 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Badger Meter by 47.1% in the second quarter. Renaissance Technologies LLC now owns 126,100 shares of the scientific and technical instruments company’s stock valued at $23,499,000 after purchasing an additional 40,400 shares during the period. Hedge funds and other 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.