Badger Meter (BMI) Price Target Reduced by $35 at Seaport Research

Badger Meter, Inc. (NYSE:BMI) is included among the 7 Best Low-Risk Dividend Stocks to Invest in.

Badger Meter, Inc. (NYSE:BMI) is a global manufacturer and marketer of flow measurement, water quality, control, and related system solutions serving a wide range of end markets worldwide.

On January 29, Seaport Research analyst Scott Graham cut Badger Meter, Inc. (NYSE:BMI)’s price objective to $220 from $255. The analyst maintained a Buy rating. The adjustment follows a slower pace of sales growth in the first half of the year, though the firm noted that visibility around a second-half pickup has improved, according to the research note.

Speaking on the Q4 2025 earnings call, Chairman, President, and CEO Kenneth Bockhorst said the company finished the year with strong momentum. He pointed to a solid fourth quarter and another full year of record sales, profits, and cash generation. Demand for the cellular AMI offering remained healthy, while the integration of SmartCover into the BlueEdge smart water management platform continued to progress well. He also highlighted the PRASA AMI project win in Puerto Rico as an important step that strengthens the company’s competitive position and supports longer-term growth.

CFO and Treasurer Daniel Weltzien said fourth-quarter sales came in at $221 million, up 8% from the prior year, with base sales rising 2%. Operating margins edged up to 19.5% from 19.1%, while base operating earnings increased 9% year over year, pushing base operating margins to 20.5%. Gross margins also improved, climbing to 42.1% from 40.3% in the same quarter last year.

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