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Badger Meter stock soars to all-time high of $255.92

Published 03/06/2025, 17:34
Badger Meter stock soars to all-time high of $255.92
BMI
-3.95%

In a remarkable display of market confidence, Badger Meter Inc (NYSE:BMI). shares have surged to an all-time high, reaching a pinnacle of $255.92. The company’s financial health score is rated as "GREAT" by InvestingPro, with particularly strong metrics in growth and profitability. This significant milestone underscores a period of robust growth for the company, which has seen its stock value climb by an impressive 36.64% over the past year. With revenue growth of 15% and a remarkable 32-year streak of dividend increases, investors have rallied behind Badger Meter’s strong performance. The ascent to this record price level reflects the market’s optimistic outlook, though current valuations suggest the stock may be trading above its Fair Value. The company’s prospects and industry position remain strong, with analysts forecasting continued profitability for the year ahead.

In other recent news, Badger Meter reported first-quarter 2025 earnings that exceeded analysts’ expectations, with earnings per share (EPS) reaching $1.30, surpassing the forecasted $1.07. Revenue for the quarter was $222.2 million, slightly above the anticipated $220.92 million. The company’s strong performance was attributed to a 13% year-over-year sales increase, with utility water product line sales rising by 16%. Additionally, the acquisition of SmartCover contributed to a 25% increase in software revenue. RBC Capital Markets responded to these results by raising the price target for Badger Meter to $252, maintaining an Outperform rating. Stifel also adjusted its price target to $200, keeping a Hold rating, citing the company’s resilience amid economic pressures. Meanwhile, Raymond (NSE:RYMD) James initiated coverage with a Market Perform rating, expressing concerns about the current valuation and potential risks from reduced U.S. federal stimulus to water utilities after 2026.

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