It is currently trading at $43.80 which is marginally lower than the 50 day moving average of $47.20 and just a bit higher than the 200 day moving average of $42.88. The 50 day moving average moved down $-3.40 whereas the 200 day average was up by +2.15%. Trading volume for Badger Meter, Inc. was 136K in the last trading session. Volume was down 6.27% under the stocks average daily volume.
Investors are more bearish on Badger Meter, Inc. of late if you take a look at the motion in short interest. The firm realized a rise in short interest of 1.45% between September 29, 2017 and October 13, 2017. Short shares grew from 1,399,327 to 1,419,554 over that period. With short interest at 1,419,554 and short average daily volume at 115,007, the short-interest ratio is 12.0 and the percentage of shorted shares was 0.05% on October 13.
There has been some selling insider activity on Badger Meter, Inc. (NYSE:BMI) recently. Andrew J. Policano, Director let go of $404,180 worth of shares at an average price of $45.67 on Fri the 1st. That brings Policano’s holdings to $1,487,043 as recorded in a recent Form 4 SEC filing. Andrew J. Policano, Director disclosed the sale of 8,000 shares of (BMI). The shares were sold on September 5th for an average price of $45.64. The Director now owns $1,120,946 of the stock according to the SEC filing.
These funds have shifted positions in (BMI). Caprock Group, Inc. trimmed its holdings by selling 722 shares a decrease of 10.2%. Caprock Group, Inc. owns 6,360 shares with a value of $312,000. The total value of its holdings increased 10.6%. As of quarter end Victory Capital Management Inc had disposed of 945 shares trimming its holdings by 18.0%. The value of the investment in Badger Meter, Inc. went from $210,000 to $212,000 a change of 1.0% for the reporting period.
As of the end of the quarter First Trust Advisors Lp had sold a total of 15,069 shares trimming its stake by 9.8%. The value of the total investment in Badger Meter, Inc. increased from $6,122,000 to $6,789,000 a change of $667,000 quarter over quarter. As of the end of the quarter Aperio Group, LLC had bought a total of 967 shares growing its position 3.0%. The value of the investment in BMI went from $1,293,000 to $1,638,000 increasing 26.7% since the last quarter.
Stifel Nicolaus began coverage of the stock giving it an initial rating of “Hold”.
The company is trading unchanged since yesterday’s close of $43.80. Badger Meter, Inc. recently declared a dividend which was paid on Friday the 15th of September 2017. The dividend payment was $0.115 per share for the quarter or $0.46 annualized. This dividend represents a yield of $1.04. The ex-dividend date was Tuesday the 29th of August 2017.
Badger Meter, Inc. currently has a P/E ratio of 38.09 and market capitalization is 1.27B. As of the latest earnings report the EPS was $1.15 and is projected to be $1.19 for the current year with 28,939,000 shares now outstanding. Next quarter’s EPS is expected be $0.32 and the next full year EPS is anticipated to be $1.34.
Badger Meter, Inc., launched on March 9, 1905, is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Business’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. The Business’s product lines include two categories: sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation)..