Itron (NASDAQ:ITRI) Reaches New 1-Year Low – Here’s Why

Itron, Inc. (NASDAQ:ITRI) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $78.03 and last traded at $77.99, with a volume of 455727 shares. The stock had previously closed at $80.80.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James Financial assumed coverage on Itron in a report on Tuesday, April 21st. They issued an “underperform” rating for the company. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Needham & Company LLC started coverage on shares of Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Itron Price Performance

The firm has a market capitalization of $3.45 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.69 and a beta of 1.35. The stock’s fifty day simple moving average is $89.41 and its 200 day simple moving average is $95.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

Insider Buying and Selling at Itron

In related news, SVP Donald L. Reeves III sold 5,419 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $539,407.26. Following the transaction, the senior vice president directly owned 33,140 shares of the company’s stock, valued at $3,298,755.60. This represents a 14.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Justin K. Patrick sold 4,930 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $490,732.20. Following the completion of the sale, the senior vice president owned 34,344 shares of the company’s stock, valued at approximately $3,418,601.76. This trade represents a 12.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 51,162 shares of company stock valued at $5,080,646. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Itron

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its stake in Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Itron during the 3rd quarter valued at approximately $32,000. Optiver Holding B.V. acquired a new position in Itron during the 3rd quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 101 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Itron during the third quarter worth $44,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.