Itron (NASDAQ:ITRI) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer lifted their price target on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Needham & Company LLC began coverage on Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Robert W. Baird set a $128.00 price target on shares of Itron and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average price target of $131.22.

Itron Stock Down 3.7%

The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.69 and a beta of 1.35. The business’s 50-day moving average is $89.41 and its 200-day moving average is $95.35.

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

Insider Activity at Itron

In other news, SVP Christopher E. Ware sold 4,486 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $446,536.44. Following the sale, the senior vice president owned 31,806 shares of the company’s stock, valued at $3,165,969.24. This trade represents a 12.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donald L. Reeves III sold 5,419 shares of Itron stock in a transaction that occurred on Thursday, February 19th. The shares were 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 approximately $3,298,755.60. This trade represents a 14.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,162 shares of company stock valued at $5,080,646 in the last 90 days. 1.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. Private Trust Co. NA boosted its stake in shares of Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Itron in the 3rd quarter valued at about $32,000. Optiver Holding B.V. purchased a new position in shares of Itron in the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Itron during the third quarter worth approximately $44,000. 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.