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Hot Stocks
Badger Meter raises quarterly dividend to 18c from 17c per share » 09:31
08/07/20
08/07
09:31
08/07/20
09:31
BMI

Badger Meter

$66.02 /

+1.2 (+1.85%)

The increased dividend is…

The increased dividend is payable September 11 to shareholders of record on August 28.

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BMI Badger Meter
$66.02 /

+1.2 (+1.85%)

BMI Badger Meter
$66.02 /

+1.2 (+1.85%)

06/30/20 Argus
Badger Meter initiated with a Buy at Argus
06/30/20 Argus
Badger Meter initiated with a Buy at Argus
04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
BMI Badger Meter
$66.02 /

+1.2 (+1.85%)

Over a week ago
Hot Stocks
Badger Meter says backlog, bid funnel 'remain healthy' » 08:39
07/16/20
07/16
08:39
07/16/20
08:39
BMI

Badger Meter

$65.04 /

+2.06 (+3.27%)

Kenneth Bockhorst,…

Kenneth Bockhorst, Chairman, President and CEO of Badger Meter said, "As we finish the second quarter and look to the back half of the year and beyond, we remain optimistic about our long term opportunities for growth. Our backlog and bid funnel remain healthy, and interest in our solutions is strong. However, we remain cognizant of the fact that while economic activity is improving, data and market sentiment suggest the potential for a protracted recovery as coronavirus-related disruption and uncertainty may weigh on demand, supply chain and manufacturing output, as well as municipal budgets moving forward. Given this uncertainty, we will remain nimble and focused on what we can control, keeping the health and safety of our employees, customers and other constituencies at the heart of every decision we make. We are committed to driving innovation forward, even in these challenging times, with the launch of new product offerings, including our recently released E-Series Ultrasonic Plus with integrated valve, which allows water utilities to remotely restrict water flow. Our operations teams are adapting manufacturing processes to increase output while optimizing safety. We are managing cash flow and working capital, with $85.2 million of cash on the balance sheet as of June 30, 2020 and $125 million in revolving credit available to fund capital allocation priorities. Finally, our M&A posture remains measured and we will continue pursuing strategic, tuck-in acquisitions at reasonable valuations." Bockhorst concluded, "I am continually impressed by how our sales, service and office staff around the globe embraced new ways of working to increase productivity while reducing expenses, and how our operations and supply chain teams were able to respond despite the broad-based economic disruption caused by the virus. This reinforces the resilience of our business model, our offerings and our culture as we protect the world's most precious resource."

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BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

06/30/20 Argus
Badger Meter initiated with a Buy at Argus
06/30/20 Argus
Badger Meter initiated with a Buy at Argus
04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

Earnings
Badger Meter reports Q2 EPS 33c, consensus 34c » 08:36
07/16/20
07/16
08:36
07/16/20
08:36
BMI

Badger Meter

$65.04 /

+2.06 (+3.27%)

Reports Q2 revenue…

Reports Q2 revenue $91.1M, consensus $98.65M. "I am proud of the response of our employees globally to the unprecedented and far-reaching impact of COVID-19, both to them personally and to our company. While April was certainly a challenging month, with 95% of the US on some type of stay-at-home order, we saw improving levels of municipal water demand off of that bottom in the ensuing months, while flow instrumentation demand has remained sluggish. The cost actions we took in the quarter allowed us to preserve profitability and cash flow despite the rapid demand disruption. Our primary focus continues to be on serving customers while protecting the health, safety and well-being of our employees and all our constituencies," said Kenneth Bockhorst, Chairman, President and CEO of Badger Meter.

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BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

06/30/20 Argus
Badger Meter initiated with a Buy at Argus
06/30/20 Argus
Badger Meter initiated with a Buy at Argus
04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
BMI Badger Meter
$65.04 /

+2.06 (+3.27%)

Over a month ago
Initiation
Badger Meter initiated with a Buy at Argus » 07:20
06/30/20
06/30
07:20
06/30/20
07:20
BMI

Badger Meter

$61.03 /

+1.23 (+2.06%)

Argus analyst John Eade…

Argus analyst John Eade initiated coverage of Badger Meter with a Buy rating and $71 price target. The company is well-managed and offers a long record of market outperformance and dividend growth, the analyst tells investors in a research note. Badger Meter's end-market demand is slowing due to the coronavirus pandemic, but its revenue and earnings growth should rebound in 2021, Eade states, noting that the company is well positioned for the future given its niche focus and capital structure.

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BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

06/30/20 Argus
Badger Meter initiated with a Buy at Argus
04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

Initiation
Badger Meter initiated with a Buy at Argus » 07:07
06/30/20
06/30
07:07
06/30/20
07:07
BMI

Badger Meter

$61.03 /

+1.23 (+2.06%)

Argus analyst John Eade…

Argus analyst John Eade initiated coverage of Badger Meter with a Buy rating and $71 price target.

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BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
BMI Badger Meter
$61.03 /

+1.23 (+2.06%)

Over a quarter ago
Earnings
Badger Meter implements hiring freeze, reduced work hours due to COVID-19 impact » 08:46
04/16/20
04/16
08:46
04/16/20
08:46
BMI

Badger Meter

$52.11 /

-4.92 (-8.63%)

The extent of the impact…

The extent of the impact of COVID-19 on the global economy and the company's financial results is uncertain and continues to rapidly evolve. Like many other industries, overall activity in the end markets served is beginning to slow, with customers now starting to signal potential project delays, deferral of orders and channel inventory de-stocking. In addition, modest supply disruption, cargo capacity constraints and related shortages of components may impact operations over the next several months. As a result, the company implemented temporary cost containment actions, including reductions in discretionary spending, a hiring freeze, reduced work hour furloughs and executive salary reductions. CEO Kenneth Bockhorst said, "We remain committed to effectively managing working capital and cash costs in order to preserve liquidity. We have approximately $70 million in cash on the balance sheet, and $125 million of revolving credit availability that we believe provides us sufficient capacity to fund foreseeable needs, including the quarterly dividend. A crisis such as this truly reinforces the criticality of the water industry. Despite the current situation, we remain focused on innovation and continue on track to launch new products in 2020. As we actively manage the short term, we are also contemplating the potential longer-term implications of this crisis on our business with two particular trends emerging. First, the benefit of automated meter reading adoption, whether AMR or AMI, to remotely assess meter functionality, early leak detection and usage reads. Second, remote actuation of flow restriction technology, to either limit, or in the case of this pandemic, immediately return to service full water availability to end consumers. We expect both of these trends to provide long-term opportunities for Badger Meter." Bockhorst concluded, "While we cannot currently forecast the length or severity of the varied economic repercussions of the pandemic, we expect that based on the necessity of our solutions, our sound balance sheet and committed workforce that we can nimbly navigate the challenges ahead and continue to protect the world's most precious resource."

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BMI Badger Meter
$52.11 /

-4.92 (-8.63%)

04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
Earnings
Badger Meter reports Q1 EPS 41c, consensus 36c » 08:43
04/16/20
04/16
08:43
04/16/20
08:43
BMI

Badger Meter

$52.11 /

-4.92 (-8.63%)

Reports Q1 revenue…

Reports Q1 revenue $108.5M, consensus $106.67M. "In this unprecedented time, our focus is on the health, safety and well-being of our employees, customers, suppliers and communities," said Kenneth C. Bockhorst, Chairman, President and CEO of Badger Meter. "Around the world, Badger Meter is following all government requirements as they are issued and at this point, our facilities are operational and continuing to serve customers. We have implemented certain contingency planning steps to reduce expenses, manage our operating efficiency and closely monitor working capital. Badger Meter is in a strong financial position, and we are well positioned to navigate the uncertainty of the current environment."

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BMI Badger Meter
$52.11 /

-4.92 (-8.63%)

04/08/20 Maxim
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim
04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
Downgrade
NV5 Global, ABM Industries, Badger Meter cut to Hold at Maxim » 09:04
04/08/20
04/08
09:04
04/08/20
09:04
ABM

ABM

$26.40 /

+0.405 (+1.56%)

, BMI

Badger Meter

$53.69 /

+0.02 (+0.04%)

, NVEE

NV5 Global

$41.20 /

+0.04 (+0.10%)

, BWXT

BWX Technologies

$50.20 /

-0.79 (-1.55%)

, TTEK

Tetra Tech

$75.24 /

-2.05 (-2.65%)

Maxim analyst Tate…

Maxim analyst Tate Sullivan downgraded NV5 Global (NVEE), ABM Industries (ABM), and Badger Meter (BMI) to Hold from Buy as part of a broader research note on Industrial Equipment & Services names. The analyst cites reduced revenue from customers outside of the US federal government agencies impacting these firms given their exposure to projects that can be cancelled or delayed. Sullivan adds that he is keeping his Buy rating on BWX Technologies (BWXT) and Tetra Tech (TTEK) due to his outlook for more sustainable revenue coming to these firms from federal sources.

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ABM ABM
$26.40 /

+0.405 (+1.56%)

04/08/20 Maxim
ABM downgraded to Hold from Buy at Maxim
04/01/20 KeyBanc
ABM upgraded to Overweight from Sector Weight at KeyBanc
08/15/19
Fly Intel: Top five analyst initiations
08/15/19 William Blair
ABM initiated with a Market Perform at William Blair
BMI Badger Meter
$53.69 /

+0.02 (+0.04%)

04/08/20 Maxim
Badger Meter downgraded to Hold from Buy at Maxim
01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
NVEE NV5 Global
$41.20 /

+0.04 (+0.10%)

04/08/20 Maxim
NV5 Global downgraded to Hold from Buy at Maxim
02/10/20 Roth Capital
NV5 Global named a top pick for 2020 at Roth Capital
11/08/19 Lake Street
NV5 Global price target lowered to $86 from $98 at Lake Street
08/08/19 Roth Capital
NV5 Global price target lowered to $91 from $96 at Roth Capital
BWXT BWX Technologies
$50.20 /

-0.79 (-1.55%)

03/11/20 Truist
BWX Technologies, Kratos Defense upgraded to Buy at SunTrust
03/11/20 Truist
BWX Technologies upgraded to Buy from Hold at SunTrust
01/16/20 Maxim
BWX Technologies price target raised to $77 from $73 at Maxim
06/20/19 Maxim
BWX Technologies price target raised to $71 from $68 at Maxim
TTEK Tetra Tech
$75.24 /

-2.05 (-2.65%)

03/23/20 Boenning & Scattergood
Tetra Tech downgraded to Neutral from Outperform at Boenning & Scattergood
11/14/19 Maxim
Tetra Tech price target raised to $104 from $92 at Maxim
08/06/19 Roth Capital
Tetra Tech price target raised to $84 from $75 at Roth Capital
05/06/19 Roth Capital
Tetra Tech price target raised to $75 from $66 at Roth Capital
Downgrade
Badger Meter downgraded to Hold from Buy at Maxim » 07:57
04/08/20
04/08
07:57
04/08/20
07:57
BMI

Badger Meter

$53.69 /

+0.02 (+0.04%)

Maxim analyst Tate…

Maxim analyst Tate Sullivan downgraded Badger Meter to Hold from Buy.

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BMI Badger Meter
$53.69 /

+0.02 (+0.04%)

01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
Conference/Events
Gabelli to hold a symposium » 08:06
02/27/20
02/27
08:06
02/27/20
08:06
AME

Ametek

$91.08 /

-0.64 (-0.70%)

, BMI

Badger Meter

$65.47 /

+0.51 (+0.79%)

, CR

Crane

$74.85 /

-2.39 (-3.09%)

, FLC

F & C Claymore Total Return Fund

$21.96 /

+0.13 (+0.60%)

, FLS

Flowserve

$41.56 /

-0.19 (-0.46%)

, GDI

Gardner Denver

$35.79 /

+0.1 (+0.28%)

, GGG

Graco

$53.68 /

+0.145 (+0.27%)

, GRC

Gorman-Rupp

$33.23 /

-0.645 (-1.90%)

, IEX

Idex Corp.

$159.46 /

-3.36 (-2.06%)

, ITT

ITT

$61.86 /

-0.995 (-1.58%)

, LAND

Gladstone Land

$14.19 /

+0.34 (+2.45%)

, MWA

Mueller Water

$11.84 /

-0.01 (-0.08%)

, NPO

EnPro

$56.86 /

-3.485 (-5.78%)

, RXN

Rexnord

$31.51 /

-0.725 (-2.25%)

, TKR

Timken

$46.23 /

-0.695 (-1.48%)

, WTS

Watts Water

$97.81 /

-0.985 (-1.00%)

, XYL

Xylem

$83.98 /

+0.16 (+0.19%)

30th Annual Pump, Valve…

30th Annual Pump, Valve & Water Systems Symposium will be held in New York on February 27.

ShowHide Related Items >><<
AME Ametek
$91.08 /

-0.64 (-0.70%)

01/16/20 Baird
Baird sees limited upside for Ametek, downgrades to Neutral
01/16/20 Baird
Ametek downgraded to Neutral from Outperform at Baird
01/13/20 Cowen
Cowen cuts Ametek, shares exceed price objective
01/13/20 Cowen
Ametek downgraded to Market Perform from Outperform at Cowen
BMI Badger Meter
$65.47 /

+0.51 (+0.79%)

01/02/20 Canaccord
Badger Meter downgraded to Sell at Canaccord
01/02/20 Canaccord
Badger Meter downgraded to Sell from Hold at Canaccord
CR Crane
$74.85 /

-2.39 (-3.09%)

01/29/20 Buckingham
Crane upgraded to Buy from Neutral at Buckingham
12/30/19 Stifel
Stifel sees Crane's acquisition of Circor business accretive in 2020
10/30/19 Buckingham
Crane downgraded to Neutral from Buy at Buckingham
10/30/19 Canaccord
Crane downgraded to Hold at Canaccord
FLC F & C Claymore Total Return Fund
$21.96 /

+0.13 (+0.60%)

FLS Flowserve
$41.56 /

-0.19 (-0.46%)

01/08/20 Vertical Research
Flowserve upgraded to Buy from Hold at Vertical Research
12/17/19 BofA
Flowserve downgraded to Underperform from Neutral at BofA/Merrill
12/17/19 BofA
Flowserve downgraded to Underperform from Neutral at BofA/Merrill
11/04/19 BofA
Colfax upgraded to Neutral from Underperform at BofA/Merrill
GDI Gardner Denver
$35.79 /

+0.1 (+0.28%)

12/19/19 Vertical Research
Gardner Denver initiated with a Buy at Vertical Research
12/11/19 Morgan Stanley
Morgan Stanley upgrades U.S. Multi-Industry view to Attractive, ups three stock
12/11/19 Morgan Stanley
Fortive upgraded to Overweight, named a top U.S. EE/MI pick at Morgan Stanley
12/09/19 BTIG
Gardner Denver downgraded to Neutral from Buy at BTIG
GGG Graco
$53.68 /

+0.145 (+0.27%)

01/28/20 DA Davidson
Graco price target raised to $50 from $43 at DA Davidson
04/17/19 KeyBanc
Ametek, ITT among top potential acquirers in industrial space, says KeyBanc
GRC Gorman-Rupp
$33.23 /

-0.645 (-1.90%)

12/17/19 Sidoti
Gorman-Rupp downgraded to Neutral from Buy at Sidoti
IEX Idex Corp.
$159.46 /

-3.36 (-2.06%)

01/30/20 Janney Montgomery Scott
Idex Corp. downgraded to Sell from Neutral at Janney Montgomery Scott
11/07/19
Fly Intel: Top analyst initiations
11/06/19 Rosenblatt
Idex Corp. initiated with a Buy at Rosenblatt
11/06/19 Rosenblatt
Idex Corp. initiated with a Buy at Rosenblatt
ITT ITT
$61.86 /

-0.995 (-1.58%)

02/24/20 DA Davidson
ITT price target raised to $85 from $80 at DA Davidson
01/07/20 Oppenheimer
ITT price target raised to $82 from $74 at Oppenheimer
12/17/19 BofA
ITT downgraded to Neutral as growth story likely priced in, says BofA/Merrill
12/17/19 BofA
ITT downgraded to Neutral from Buy at BofA/Merrill
LAND Gladstone Land
$14.19 /

+0.34 (+2.45%)

12/20/19 Wedbush
Gladstone Land initiated with a Neutral at Wedbush
11/26/19 B. Riley FBR
B. Riley FBR starts Gladstone Land with Buy, $13.50 price target
11/26/19 B. Riley FBR
Gladstone Land initiated with a Buy at B. Riley FBR
10/07/19
Fly Intel: Top five analyst initiations
MWA Mueller Water
$11.84 /

-0.01 (-0.08%)

01/22/20 Nomura Instinet
Interface named top Building pick into Q4 earnings at Nomura Instinet
01/14/20 RBC Capital
Mueller Water downgraded to Sector Perform from Outperform at RBC Capital
01/14/20 RBC Capital
Mueller Water downgraded to Sector Perform from Outperform at RBC Capital
08/06/19 Boenning & Scattergood
Mueller Water upgraded to Outperform from Neutral at Boenning & Scattergood
NPO EnPro
$56.86 /

-3.485 (-5.78%)

RXN Rexnord
$31.51 /

-0.725 (-2.25%)

01/29/20 Baird
Rexnord upgraded to Outperform at Baird
01/29/20 Baird
Rexnord upgraded to Outperform from Neutral at Baird
01/22/20 BofA
General Electric among Boeing suppliers at risk due to 737 MAX delay, says BofA
12/17/19
BofA ups Eaton, Parker-Hannifin, Colfax, Rexnord in Multi-Industry shuffle
TKR Timken
$46.23 /

-0.695 (-1.48%)

01/07/20 KeyBanc
NN, Inc. could 'benefit the most' from strategic divestiture, says KeyBanc
01/07/20 BofA
BofA double upgrades Timken to Buy, sees potential upside to $68
01/07/20 BofA
Timken upgraded to Buy from Underperform at BofA
09/26/19
Fly Intel: Top five analyst downgrades
WTS Watts Water
$97.81 /

-0.985 (-1.00%)

02/11/20 Boenning & Scattergood
Watts Water upgraded to Outperform from Neutral at Boenning & Scattergood
02/07/20 Seaport Global
Seaport Global downgrades Watts Water to Neutral on Xylem read-through
02/07/20 Seaport Global
Watts Water downgraded to Neutral from Buy at Seaport Global
07/02/19 Janney Montgomery Scott
Watts Water downgraded to Neutral from Buy at Janney Montgomery Scott
XYL Xylem
$83.98 /

+0.16 (+0.19%)

02/14/20
Fly Intel: Top five analyst initiations
02/14/20 Rosenblatt
Xylem initiated with a Neutral at Rosenblatt
02/06/20 Janney Montgomery Scott
Xylem downgraded to Neutral from Buy at Janney Montgomery Scott

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