Edgestream Partners Increases Holdings in Badger Meter

Summary

Edgestream Partners L.P. increased its holdings in Badger Meter, Inc. (NYSE: BMI) by 51.7% during the first quarter, now holding 35,576 shares valued at $6.77 million. Other hedge funds also adjusted their positions in BMI. Analysts have mixed ratings on the stock, generally rated as ‘hold’, with an average target price of $236.60. Badger Meter reported Q1 earnings per share of $1.30, exceeding expectations, and declared a quarterly dividend of $0.34, yielding 0.57%.Market Beat NewEdge Advisors LLC also increased its holdings in BMI by 328.0% in the first quarter.Market Beat

Impact Analysis

The event is at the company level, as it involves changes in the stock holdings of Badger Meter, Inc. by specific hedge funds. The increase in holdings by Edgestream Partners and NewEdge Advisors indicates positive sentiment towards BMI, potentially due to the company’s strong earnings performance in Q1 2025, which exceeded expectations with an EPS of $1.30. This positive financial performance could drive further interest from investors, positively impacting the stock price in the short term. However, the mixed analyst ratings and the ‘hold’ consensus suggest caution, with the potential for limited upside as reflected in the average target price of $236.60. Investors should consider these dynamics, weighing the strong recent performance against the broader market and sector conditions. Further analysis could explore sector trends and competitors’ performance to gauge BMI’s relative positioning.Market Beat+ 2