Badger Meter, Inc. (BMI)

In the past six months, Badger Meter's stock price has been impacted by a Q4 2025 earnings miss and outlook, a Q1 2026 earnings miss leading to a significant stock drop, securities law investigations, the acquisition of UDlive, a decline in stock price, analyst rating changes, and the maintenance of its quarterly dividend with insider share acquisitions.

Badger Meter experiences typical seasonality in its demand, particularly in the first quarter, with management anticipating sequential improvement in quarterly revenue as the year progresses. The deployment of large Advanced Metering Infrastructure (AMI) projects can also introduce quarter-to-quarter volatility in demand.

Badger Meter, Inc. is a technology company founded in 1905, specializing in flow measurement, water quality, control, and communication solutions for municipal water utilities and industrial customers globally. Its products include utility water smart metering solutions, flow instrumentation products, communication solutions like ORION Cellular, water quality monitoring solutions, high-frequency pressure and leak detection sensors, and the BEACON Software Suite.

Badger Meter, Inc. serves customers in over 70 countries worldwide, with approximately 90% of its revenue generated in the United States as of 2024. The remaining 10% of sales primarily come from Asia, Canada, Europe, and the Middle East.

Badger Meter has historically maintained a strong brand reputation; however, the recent Q1 2026 earnings miss and subsequent investigations by securities law firms could negatively impact the company's brand reputation.

Badger Meter, Inc.'s ownership is predominantly held by institutional investors, who collectively own approximately 100.97% of the company's shares. Insider ownership is minimal, around 4.49% or 1.00%, with retail investors holding a negligible percentage. Major institutional shareholders include BlackRock Inc., Vanguard Group Inc, and State Street Corp.