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Badger Meter, Inc.

BMI · NYSE

Market closed$149.48$-1.68 (-1.11%)After hours $149.47 · -0.01%

Key statistics

Previous close$151.16
Open$148.40
Day high$155.18
Day low$147.66
52-week high$249.56
52-week low$112.09
Market cap4.36B
Volume394.35K
Average volume568.84K
P/E ratio34.13
Forward P/E—
EPS4.38
Dividend yield+1.07%

Market context

Why it moved

Badger Meter's stock declined as mounting securities class-action lawsuit alerts with an imminent August 3 deadline intensified investor concern over allegations that the company made false and misleading statements about demand and growth while concealing unsustainable financial practices.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Badger Meter shares declined on the session, weighed down by mounting legal pressure as multiple law firms — including Faruqi & Faruqi and Robbins LLP — are circulating deadline reminders for a securities class action with an August 3, 2026 lead-plaintiff deadline. The lawsuit alleges the company concealed weakening demand and pulled forward customer orders to inflate results, with shares having plunged over 50% from their 2025 highs after a series of earnings misses. Analyst sentiment remains cautious with a Hold consensus and $155.71 average target, while valuation concerns persist as Simply Wall St flags the stock as trading above its estimated fair value on both P/E and cash flow metrics.

-1.1114

July 17, 2026Badger Meter surged nearly 5% on above-average volume, reclaiming levels near its 52-week high before its dramatic April sell-off, even as securities class action lawsuits loom with an August 3 deadline. The bounce may reflect bargain-hunting and positioning ahead of Q2 2026 earnings, with insider buying by the CEO and CFO near the April lows offering some confidence, while analysts hold a cautious consensus with a $155.71 average price target and the stock still down roughly 39% from its year-ago highs.

4.8412

July 16, 2026Badger Meter closed nearly 2% higher, with shares approaching their upcoming Q2 2026 earnings report expected on July 22nd—a critical catalyst given the company's persistent legal and operational headwinds. Multiple securities class action lawsuits alleging an 'order pull-forward' scheme continue to weigh on sentiment, with an August 3 lead-plaintiff deadline keeping litigation headlines active, while analysts maintain a cautious 'Hold' consensus and an average price target of ~$155.71. The rally came alongside a broader market lift from softer-than-expected CPI data, though shares slipped ~1.49% in after-hours trading, suggesting investors remain cautious ahead of what could be a pivotal earnings print.

1.9228

July 15, 2026Badger Meter edged higher, recovering modestly after a prolonged downturn that has left shares down roughly 20% year-to-date. The stock continues to navigate a challenging backdrop defined by ongoing securities class action lawsuits — with an August 3 deadline looming — alleging the company misrepresented demand sustainability by pulling forward customer orders, which masked weakening fundamentals. Despite legal headwinds, institutional investors have been accumulating shares, and insider buying by both the CEO and CFO in April signals confidence in a recovery. The broader industrials sector provided a supportive backdrop, with a soft June CPI report lifting market sentiment.

0.9563

July 14, 2026Badger Meter shares closed down roughly 3% Monday, underperforming the broader industrials sector (XLI essentially flat) amid a risk-off session driven by renewed U.S.-Iran tensions that sent oil prices surging and weighed on equities broadly. The stock faces persistent headwinds from an ongoing securities class action — with multiple law firms including Grabar Law Office actively investigating alleged misrepresentations around 'secular growth drivers' and order pull-forwards that allegedly masked weakening demand — while Barclays reiterated its Underweight rating and trimmed its price target to $109. Despite these legal and analyst pressures, institutional buyers have been accumulating, with Kornitzer Capital, Norges Bank, HSBC and others adding shares, and insider purchases by the CEO and CFO in April providing a modest confidence signal. The consensus analyst rating is Hold with an average target of $155.86, well above current levels, but with Q2 2026 earnings still pending, investors remain cautious about whether revenue trends have stabilized following a string of disappointing quarterly results.

-2.8159

July 11, 2026Badger Meter closed modestly lower as a persistent legal overhang continues to weigh on sentiment, with Grabar Law Office and Robbins LLP among multiple law firms actively pursuing securities class action claims alleging the company masked weakening demand trends through pull-forward of customer orders — a story that unraveled through a series of disappointing quarterly results between mid-2025 and April 2026, including a Q1 2026 EPS miss of $0.26 with a stock plunge of over 24% on April 17. Despite insider buying by CEO Kenneth Bockhorst and VP Richard Htwe in April, and institutional accumulation from HSBC and Granite Investment Partners, analysts maintain a consensus Hold rating with a $155.86 average price target, while the August 3 lead-plaintiff deadline keeps legal uncertainty front and center.

-0.5449

July 10, 2026Badger Meter closed modestly higher, edging up despite a backdrop of multiple active securities class action lawsuits alleging the company masked weakening demand trends through order pull-forwards—with a key plaintiff deadline approaching August 3. Meanwhile, Zacks upgraded the stock from 'strong sell' to 'hold,' providing a modest sentiment boost, while analyst consensus remains a mixed 'Hold' with an average price target of $155.86—above current levels. In after-hours trading, shares are extending gains to roughly +1.75%, outpacing the XLI industrials ETF's after-hours move of +0.76%, even as broader macro headwinds from renewed US-Iran tensions and rising oil prices weigh on risk sentiment.

0.36

July 9, 2026Badger Meter declined nearly 1.8% amid a broad risk-off session driven by escalating U.S.-Iran tensions, with Trump declaring the interim peace deal 'over' and sending oil prices surging 5%+, weighing on industrials broadly. Compounding the pressure, multiple law firms issued fresh securities class action notices alleging the company masked weakening municipal water demand through order pull-forwards — legal overhang that continues to cloud the fundamental outlook alongside a mixed analyst consensus (Hold, $155.86 avg. target) and recent downgrades from Zacks and Wall Street Zen.

-1.7881

MarketBeat · July 18, 2026Badger Meter, Inc. (NYSE:BMI) Given Average Recommendation of "Hold" by AnalystsSimply Wall Street · July 17, 2026Badger Meter (BMI) Stock Looks Overvalued On Cash Flow And EarningsSimply Wall Street · July 16, 2026Badger Meter (BMI) Faces Valuation Questions After Class Actions Follow Its Q1 Revenue Miss
Benzinga · July 13, 2026Barclays Maintains Underweight on Badger Meter, Lowers Price Target to $109
Mt Newswire · May 14, 2026Badger Meter's Investor Day Likely to Show Growth Beyond Meter, RBC Says
Mt Newswire · May 1, 2026Badger Meter Closes Acquisition of UDlive
Mt Newswire · April 24, 2026Badger Meter Keeps Quarterly Dividend at $0.40 a Share, Payable June 5 to Stockholders of Record May 22
Mt Newswire · April 21, 2026Badger Meter Insider Bought Shares Worth $258,573, According to a Recent SEC Filing
Benzinga · April 20, 2026What's Going on With Badger Meter On Monday?
Mt Newswire · April 20, 2026Badger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says
Benzinga · April 20, 2026Badger Meter Analysts Slash Their Forecasts After Q1 Earnings

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