Richard Htwe, vice president of global operations at Badger Meter Inc. (BMI), completed a direct purchase of the company's common stock on April 21, 2026. The disclosed transaction consisted of 1,700 shares purchased at $116.13 per share, for a total cash outlay of $197,421. After the trade, Mr. Htwe's direct ownership in Badger Meter rose to 7,603 shares.
The insider purchase took place while Badger Meter's share price is trading near its 52-week low of $112.09 and has fallen 41.5% over the last 12 months. Investment platform analysis referenced in connection with the transaction indicates the company appears on a Most Undervalued list, suggesting some market participants consider the current price below intrinsic valuation at present levels.
Investors seeking a deeper look at the company's valuation and financials are directed to the platform's Pro Research Report, which the platform offers for this stock and more than 1,400 other U.S. equities.
Those developments followed the release of Badger Meter's financial results for the first quarter of fiscal 2026, which fell short of analyst expectations on both the bottom and top lines. The company reported earnings per share of $0.93, compared with forecasted EPS of $1.20. Reported revenue for the quarter was $202.3 million, below the consensus estimate of $230.3 million.
In response to the quarterly shortfalls, analysts adjusted their models and price targets. RBC Capital lowered its target for Badger Meter shares to $169 from $197, citing project timing issues and a backlog that it expects will not ship until the second half of fiscal 2026. Stifel reduced its price target to $140 from $174, noting a 9% revenue decline in the quarter. Despite the cuts, both firms retained positive ratings: RBC Capital kept an Outperform rating and Stifel maintained a Buy rating.
Those analyst actions and the quarterly miss have raised questions among investors about near-term performance. The insider purchase by an operating executive is a discrete, reported event; Mr. Htwe now holds a larger direct stake following the April 21 trade. Market participants may continue to watch company operational updates, backlog shipment timing and subsequent quarterly results for further clarity.
All figures and statements in this report reflect the company filings, disclosed transaction details and the analyst commentary noted above.