BMI

Badger Meter, Inc.
NYSEUSDEQUITY Technology DELAYED
Last price
123.73
▼ 1.16 (0.93%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
125.22
Prev close
124.89
Day high
126.83
Day low
122.64
Volume
344.79K
Market cap
$3.59B
P/E (TTM)
28.91
52W range
112.09 – 204.00

Day trading desk

Current session · delayed
Gap from prior close
+0.26%
Prior close 124.89
VWAP
124.02
-0.23% from price
Relative volume
1.32×
Normal
Session range
3.52%
122.64 – 126.96
Position in range
25%
Near session low
ATR (14D)
4.25
3.43% of price
Prior day high
127.22
PDH
Prior day low
124.01
PDL
Bid / ask spread
—
Quote not published
Session volume
544.31K
Avg 412.84K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-1.79% -3.7%
1M
-6.61% -7.8%
3M
-14.34% -18.9%
6M
-18.56% -36.7%
YTD
-29.06% -43.3%
1Y
-31.64% -48.1%
3Y
-14.00% -96.3%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

11 more panels on BMI open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
180.88K
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jul 30, 26
CALLAHAN EDWARD F
Officer
BUY 751 $101.57K Direct
Apr 27, 26
MYERS TESSA M.
Director
STOCK 952 $117.06K Direct
Apr 27, 26
BROOKS HENRY F.
Director
STOCK 952 $117.06K Direct
Apr 27, 26
COOK MELANIE K.
Director
STOCK 952 $117.06K Direct
Apr 27, 26
MCGILL JAMES W.
Director
STOCK 952 $117.06K Direct
Apr 27, 26
STERN JAMES F
Director
STOCK 952 $117.06K Direct
Apr 27, 26
TELLOCK GLEN E
Director
STOCK 952 $117.06K Direct
Apr 23, 26
WROCKLAGE ROBERT A.
Officer
BUY 1.00K $122.35K Direct
Apr 21, 26
BOCKHORST KENNETH C
Chief Executive Officer
BUY 2.20K $258.57K Direct
Apr 21, 26
HTWE RICHARD
Officer
BUY 1.70K $197.42K Direct
Apr 21, 26
TARANTINO CHRISTINA M.
Officer
BUY 870 $99.01K Direct
Apr 21, 26
CALLAHAN EDWARD F
Officer
BUY 858 $99.78K Direct
Mar 6, 26
STOLL KIMBERLY K
Officer
SELL 143 $20.66K Direct
Mar 6, 26
WROCKLAGE ROBERT A.
Officer
STOCK 1.31K $0 Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BERGUM WILLIAM R A
General Counsel 15.19K Stock Award(Grant)
BOCKHORST KENNETH C
Chief Executive Officer 51.68K Purchase
HOPKINS SHERYL
Officer 5.67K Stock Award(Grant)
HTWE RICHARD
Officer 7.60K Purchase
MYERS TESSA M.
Director 5.91K Stock Award(Grant)
STERN JAMES F
Director 8.55K Stock Award(Grant)
STUYVENBERG MATTHEW L
Officer 6.43K Stock Award(Grant)
TELLOCK GLEN E
Director 8.55K Stock Award(Grant)
WELTZIEN DANIEL R
Chief Financial Officer 6.19K Stock Award(Grant)
WROCKLAGE ROBERT A.
Officer 23.32K Purchase

Fundamentals

TTM · reported
Market cap$3.59B
Enterprise value$3.51B
Revenue (TTM)$880.96M
Gross profit$363.92M
EBITDA$196.71M
Net income$125.71M
EPS (TTM)$4.28
Free cash flow$128.29M
Total cash$95.73M
Total debt$23.48M
Book value / share$23.56
Shares outstanding28.99M
Float28.80M
Short % of float19.26%
Dividend yield1.42%
Beta (5Y)0.64

Valuation & profitability ratios

Account required
Trailing P/E28.91
Forward P/E24.91
PEG ratio2.89
Price / sales—
Price / book5.25
EV / revenue3.99
EV / EBITDA17.87
Gross margin41.31%
Operating margin17.72%
Profit margin14.27%
Return on equity18.48%
Return on assets10.58%
Debt / equity3.44
Current ratio2.42
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $916.66M$826.56M$703.59M$565.57M +10.9%
Operating revenue $916.66M$826.56M$703.59M$565.57M +10.9%
Cost of revenue $534.59M$497.37M$427.15M$345.60M +7.5%
Gross profit $382.07M$329.18M$276.44M$219.97M +16.1%
Selling, general & admin $198.65M$171.25M$158.39M$132.68M +16.0%
Total operating expense $198.65M$171.25M$158.39M$132.68M +16.0%
Operating income $183.42M$157.94M$118.05M$87.30M +16.1%
Net interest income $5.12M$8.61M$4.05M$552.00K -40.5%
Pre-tax income $188.66M$166.50M$121.97M$87.72M +13.3%
Tax provision $47.02M$41.56M$29.37M$21.22M +13.2%
Net income $141.63M$124.94M$92.60M$66.50M +13.4%
Net income to common $141.63M$124.94M$92.60M$66.50M +13.4%
Basic EPS 4.824.263.162.28 +13.1%
Diluted EPS 4.794.233.142.26 +13.2%
EBIT $183.42M$157.94M$118.05M$87.30M +16.1%
EBITDA $218.00M$190.12M$146.16M$113.54M +14.7%
Basic shares 29.40M29.36M29.28M29.22M +0.1%
Diluted shares 29.57M29.53M29.46M29.38M +0.1%

Options analytics

Account required
Put / call volume
0.38
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
100.00
-19.2% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
34
Contracts, this expiry
Put volume
13
Contracts, this expiry
Heaviest call OI
115.00
0 contracts
Heaviest put OI
100.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 1.011.02 +0.7%
Mar 2026 1.220.93 -24.0%
Dec 2025 1.161.14 -1.5%
Sep 2025 1.141.19 +4.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 1.22 8 $240.75M +2.2%
Next quarter 1.28 8 $245.66M +11.3%
Current year 4.49 9 $911.58M -0.5%
Next year 4.97 10 $983.20M +7.9%

Analyst targets & ownership

Account required
Mean target$156.67
High target$170.00
Low target$112.00
Implied upside26.62%
Analyst count9
ConsensusNONE
Strong buy / Buy3 / 5
Hold2
Sell / Strong sell0 / 1
Held by insiders0.62%
Held by institutions118.79%
Institutions holding656
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
127.39
-2.87% from price
SMA 20
127.84
-3.22% from price
SMA 50
131.53
-5.93% from price
SMA 100
132.48
-6.61% from price
SMA 200
142.18
-12.98% from price
EMA 12
127.12
-2.67% from price
EMA 26
128.89
-4.01% from price
EMA 50
130.81
-5.41% from price
RSI (14)
40.0
Neutral
MACD (12,26,9)
-1.77
Hist -0.33
ATR (14)
4.25
3.43% of price
Realised vol 30D
27.7%
Annualised
Bollinger upper
133.54
20, 2σ
Bollinger lower
122.14
20, 2σ
50 / 200 cross
Death
131.53 vs 142.18
Trend bias
Below 200
-12.98%

Options chain

Account required
Expiry
Spot 123.73
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.77
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
27.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-39.6%
Peak to trough
Max drawdown 5Y
-55.4%
Peak to trough
ATR 14
4.25
3.43% of price
Beta (reported)
0.64
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
3.82M
Prior 4.22M
Change vs prior
-9.4%
Shorts covering
% of float
19.26%
Elevated
% of shares out
13.17%
Against total outstanding
Days to cover
12.8
Crowded exit
Float
28.80M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

99 on file
DateFirm ActionFromTo
Jul 28, 26 Barclays MAINTAINED Underweight Underweight
Jul 23, 26 JP Morgan MAINTAINED Overweight Overweight
Jul 23, 26 Baird MAINTAINED Outperform Outperform
Jul 23, 26 RBC Capital MAINTAINED Outperform Outperform
Jul 23, 26 Stifel MAINTAINED Buy Buy
Jul 20, 26 Stifel MAINTAINED Buy Buy
Jul 13, 26 Barclays MAINTAINED Underweight Underweight
Apr 23, 26 Maxim Group DOWNGRADE Buy Hold
Apr 20, 26 RBC Capital MAINTAINED Outperform Outperform
Apr 20, 26 Barclays MAINTAINED Underweight Underweight
Apr 20, 26 Stifel MAINTAINED Buy Buy
Apr 20, 26 Baird MAINTAINED Outperform Outperform

Dividends & splits

Declared · from the issuer
Forward rate$1.76 / yr
Forward yield1.42%
5-year avg yield0.71%
Payout ratio37.38%
Ex-dividend dateAug 28, 2026
Next pay dateSep 11, 2026
Last split2:1
Split dateSep 16, 2016

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.