Itron, Inc. (NASDAQ:ITRI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $131.3333.

A number of brokerages have recently commented on ITRI. Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Needham & Company LLC increased their target price on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Seaport Research Partners restated a “buy” rating and issued a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 329 shares of Itron stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the sale, the senior vice president owned 27,945 shares in the company, valued at $2,760,686.55. The trade was a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 4,406 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total transaction of $435,577.16. Following the transaction, the chief financial officer directly owned 117,113 shares of the company’s stock, valued at $11,577,791.18. This trade represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Itron

A number of large investors have recently modified their holdings of ITRI. Norges Bank purchased a new stake in shares of Itron during the fourth quarter valued at approximately $63,990,000. Jupiter Topco LLC acquired a new position in shares of Itron in the 2nd quarter valued at about $42,466,000. Legal & General Group Plc bought a new position in Itron in the second quarter worth about $29,108,000. Dimensional Fund Advisors LP boosted its stake in Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after acquiring an additional 265,039 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Itron during the 2nd quarter valued at approximately $20,755,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Performance

Shares of Itron stock opened at $90.37 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $95.38 and its two-hundred day moving average is $89.77. The firm has a market capitalization of $3.96 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.10 and a beta of 1.33. Itron has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same period last year, the business earned $1.62 EPS. Itron’s revenue for the quarter was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts forecast that Itron will post 6.41 EPS for the current fiscal year.

About Itron

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.