Badger Meter (BMI) was Upgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Badger Meter. Company shares were Downgraded by Robert W. Baird on Apr 20, 2016 to ” Neutral”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .Badger Meter was Initiated by Sidoti to “Neutral” on Apr 12, 2016. Badger Meter was Downgraded by Ladenburg Thalmann to ” Sell” on Mar 18, 2016.
On the company’s financial health, Badger Meter reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.41. The company had revenue of $100.57 million for the quarter, compared to analysts expectations of $91.65 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Badger Meter opened for trading at $71.36 and hit $78.72 on the upside on Wednesday, eventually ending the session at $74.28, with a gain of 3.89% or 2.78 points. The heightened volatility saw the trading volume jump to 2,99,746 shares. Company has a market cap of $1,080 M.
In a different news, on Apr 26, 2016, Beverly L P Smiley (VP-Controller) sold 500 shares at $71.00 per share price. According to the SEC, on Apr 25, 2016, Raymond G Serdynski (VP-Manufacturing) sold 4,500 shares at $71.10 per share price. On Apr 22, 2016, Fred J Begale (VP-Engineering) sold 460 shares at $70.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Badger Meter Inc. is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets around the world. The Company offers products to measure water oil chemicals and other fluids. Its three product lines include sales of water meters and related technologies to municipal water utilities (municipal water) sales of meters to various industries for water and other fluids (flow instrumentation) and sales of gas meter radios and concrete vibrators to markets (specialty products). Municipal water offering includes mechanical and electronic (static) water meters and related technologies and services used by water utilities for generating water and wastewater. Flow instrumentation category includes the sale of meters and valves to measure and control materials flowing through a pipe. Its specialty products include the sale of radio technology to natural gas utilities for installation on their gas meters.