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Badger Meter (BMI) Price Target Reduced by $35 at Seaport Research
Yahoo Finance· 2026-02-02 11:54
Group 1 - Badger Meter, Inc. (NYSE:BMI) is recognized as one of the 7 Best Low-Risk Dividend Stocks to Invest in [1] - Seaport Research analyst Scott Graham reduced Badger Meter's price target from $255 to $220 while maintaining a Buy rating, citing slower sales growth in the first half of the year but improved visibility for a second-half pickup [2][3] - The company reported strong momentum in Q4 2025, achieving record sales, profits, and cash generation, with healthy demand for its cellular AMI offering and successful integration of SmartCover into the BlueEdge platform [4] Group 2 - Fourth-quarter sales for Badger Meter reached $221 million, an 8% increase from the previous year, with base sales rising 2% [5] - Operating margins improved to 19.5% from 19.1%, and base operating earnings increased by 9% year-over-year, resulting in base operating margins of 20.5% [5] - Gross margins also saw an increase, climbing to 42.1% from 40.3% in the same quarter last year [5]