Itron, Inc. (NASDAQ:ITRI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $137.10.

A number of equities analysts recently issued reports on the stock. Roth Capital raised their price objective on shares of Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $155.00 price objective (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Stephens set a $130.00 price objective on Itron in a report on Monday, August 4th. Finally, TD Cowen boosted their target price on shares of Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 20th.

Itron Stock Down 1.7%

Shares of NASDAQ ITRI opened at $122.42 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. Itron has a 12 month low of $90.11 and a 12 month high of $140.04. The firm has a market capitalization of $5.60 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.68 and a beta of 1.49. The firm has a fifty day simple moving average of $124.45 and a two-hundred day simple moving average of $118.89.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. During the same period last year, the business earned $1.21 EPS. Itron’s quarterly revenue was down .4% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Equities analysts expect that Itron will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Itron

In other news, SVP Christopher E. Ware sold 351 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of the transaction, the senior vice president directly owned 19,117 shares of the company’s stock, valued at $2,395,551.27. This represents a 1.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Justin K. Patrick sold 388 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the transaction, the senior vice president owned 20,761 shares of the company’s stock, valued at approximately $2,601,560.91. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,037 shares of company stock worth $380,566. 1.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ITRI. Texas Permanent School Fund Corp lifted its stake in shares of Itron by 14.0% in the second quarter. Texas Permanent School Fund Corp now owns 48,594 shares of the scientific and technical instruments company’s stock valued at $6,396,000 after purchasing an additional 5,976 shares during the period. Osaic Holdings Inc. increased its stake in Itron by 60.0% in the second quarter. Osaic Holdings Inc. now owns 17,396 shares of the scientific and technical instruments company’s stock valued at $2,290,000 after purchasing an additional 6,524 shares during the last quarter. State of Wyoming acquired a new position in Itron in the second quarter valued at $214,000. Castleark Management LLC increased its stake in Itron by 29.2% in the second quarter. Castleark Management LLC now owns 62,330 shares of the scientific and technical instruments company’s stock valued at $8,204,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Itron by 8.6% during the second quarter. Public Sector Pension Investment Board now owns 155,372 shares of the scientific and technical instruments company’s stock worth $20,452,000 after acquiring an additional 12,354 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.