Itron (NASDAQ:ITRI) Hits New 52-Week Low – What’s Next?

Itron, Inc. (NASDAQ:ITRI) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $88.32 and last traded at $88.2010, with a volume of 420526 shares changing hands. The stock had previously closed at $93.54.

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent research reports. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, January 5th. Oppenheimer upped their target price on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Guggenheim set a $155.00 price target on shares of Itron in a research note on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $137.10.

Itron Stock Down 5.7%

The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.80 and a beta of 1.44. The firm has a fifty day moving average price of $96.42 and a 200 day moving average price of $105.05. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.35 EPS. The business’s revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO David Marshall Wright sold 264 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $26,444.88. Following the completion of the sale, the chief accounting officer directly owned 9,124 shares in the company, valued at approximately $913,951.08. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joan S. Hooper sold 3,533 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $95.92, for a total transaction of $338,885.36. Following the transaction, the chief financial officer owned 118,275 shares in the company, valued at approximately $11,344,938. This trade represents a 2.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,180 shares of company stock valued at $5,085,475 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

Institutional Trading of Itron

Several hedge funds have recently modified their holdings of ITRI. Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 145 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Itron in the 2nd quarter valued at $30,000. Employees Retirement System of Texas acquired a new stake in shares of Itron in the 3rd quarter valued at $32,000. Optiver Holding B.V. bought a new stake in shares of Itron during the third quarter worth $36,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 29.5% during 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 acquiring an additional 101 shares during the period. 96.19% of the stock is owned by institutional investors.

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.