Itron (NASDAQ:ITRI) Given Overweight Rating at Stephens

Itron (NASDAQ:ITRI)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a report released on Wednesday,Benzinga reports. They currently have a $130.00 price objective on the scientific and technical instruments company’s stock. Stephens’ target price points to a potential upside of 61.08% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Guggenheim set a $155.00 price target on Itron in a research report on Friday, February 13th. Raymond James Financial assumed coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. Needham & Company LLC assumed coverage on Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective for the company. TD Cowen lowered their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Oppenheimer increased their price objective on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Itron Price Performance

NASDAQ:ITRI traded up $2.68 during trading hours on Wednesday, hitting $80.70. 185,304 shares of the stock were exchanged, compared to its average volume of 936,299. Itron has a 52-week low of $77.77 and a 52-week high of $142.00. The firm’s fifty day moving average price is $89.15 and its 200 day moving average price is $94.92. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.58 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.71 and a beta of 1.35.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million during the quarter, compared to analyst estimates of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.Itron’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts anticipate that Itron will post 6.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 3,533 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $95.92, for a total value of $338,885.36. Following the sale, the chief financial officer directly owned 118,275 shares in the company, valued at $11,344,938. This trade represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 519 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $97.84, for a total value of $50,778.96. Following the transaction, the senior vice president directly owned 29,951 shares in the company, valued at approximately $2,930,405.84. The trade was a 1.70% decrease in their position. 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. 1.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Itron

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in Itron by 28.3% in the first quarter. California State Teachers Retirement System now owns 55,042 shares of the scientific and technical instruments company’s stock valued at $4,933,000 after purchasing an additional 12,154 shares during the period. Entropy Technologies LP lifted its position in Itron by 6.3% in the first quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company’s stock valued at $742,000 after purchasing an additional 490 shares during the period. Renaissance Technologies LLC lifted its position in Itron by 10.1% in the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock valued at $41,388,000 after purchasing an additional 42,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Itron by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock valued at $60,359,000 after purchasing an additional 73,020 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Itron in the first quarter valued at about $2,212,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Company Profile

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.