Joan Hooper Sells 442 Shares of Itron (NASDAQ:ITRI) Stock

Key Points

• Itron CFO Joan Hooper sold 442 shares on May 26 at an average price of $84.37, totaling about $37,292. The company said the sale was made to cover tax withholding tied to vested equity awards.
• Itron’s latest earnings beat expectations, with Q1 EPS of $1.49 versus the $1.26 consensus and revenue of $586.98 million versus $572.04 million expected. The company also issued Q2 2026 EPS guidance of $1.25 to $1.35.
• Analysts remain broadly positive on the stock, with eight Buy ratings and a consensus “Moderate Buy” rating. The average price target is $131.22, well above the recent trading price near $85.30.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) CFO Joan Hooper sold 442 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares of the company's stock, valued at $9,911,618.86. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

NASDAQ ITRI traded up $0.86 during mid-day trading on Wednesday, hitting $85.30. The stock had a trading volume of 521,981 shares, compared to its average volume of 930,161. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The firm's 50 day moving average is $88.19 and its 200 day moving average is $94.11. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.73 and a beta of 1.35.

Itron (NASDAQ:ITRI - Get Free Report) last posted 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 firm had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Itron

Large investors have recently bought and sold shares of the stock. Impax Asset Management Group plc boosted its stake in shares of Itron by 127.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company's stock valued at $197,153,000 after buying an additional 890,040 shares during the period. Norges Bank purchased a new stake in shares of Itron during the fourth quarter worth approximately $63,990,000. Soros Fund Management LLC acquired a new stake in Itron in the fourth quarter valued at approximately $34,843,000. Millennium Management LLC lifted its stake in Itron by 269.3% in the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company's stock worth $47,068,000 after acquiring an additional 369,617 shares during the last quarter. Finally, Merewether Investment Management LP grew its holdings in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company's stock worth $39,593,000 after acquiring an additional 282,587 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Itron from $133.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th. Stephens reaffirmed an "overweight" rating and issued a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Needham & Company LLC initiated coverage on Itron in a research note on Friday, March 6th. They set a "buy" rating and a $124.00 target price on the stock. Finally, Zacks Research upgraded Itron from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned 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 target price of $131.22.

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.

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