Itron (NASDAQ:ITRI) Trading Down 4.3% – What’s Next?

Itron, Inc. (NASDAQ:ITRI)’s share price traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as $91.68 and last traded at $93.4250. 91,326 shares were traded during mid-day trading, a decline of 90% from the average session volume of 910,158 shares. The stock had previously closed at $97.63.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Raymond James Financial started coverage on Itron in a research report on Tuesday. They set an “underperform” rating for the company. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Monday, January 5th. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Guggenheim set a $155.00 price objective on Itron in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.10.

Itron Stock Down 4.8%

The firm has a 50-day moving average of $93.16 and a 200 day moving average of $100.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.81 and a beta of 1.50.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The firm had revenue of $571.66 million during the quarter, compared to analysts’ expectations of $561.31 million. During the same period in the prior year, the firm posted $1.35 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, sell-side analysts forecast that Itron, Inc. will post 6.09 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Donald L. Reeves III sold 5,419 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $539,407.26. Following the completion of the transaction, the senior vice president directly owned 33,140 shares of the company’s stock, valued at approximately $3,298,755.60. This represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 15,293 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $1,522,265.22. Following the transaction, the chief financial officer directly owned 124,196 shares of the company’s stock, valued at $12,362,469.84. This trade represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 51,180 shares of company stock valued at $5,085,475. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of Itron

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA raised its stake in Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 145 shares during the period. Employees Retirement System of Texas bought a new stake in Itron in the third quarter valued at approximately $32,000. Optiver Holding B.V. bought a new stake in Itron in the third quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $41,000 after buying an additional 101 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in Itron in the third quarter valued at approximately $42,000. Institutional investors 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.