Braun Stacey Associates Inc. Sells 11,185 Shares of Itron, Inc. $ITRI

Braun Stacey Associates Inc. reduced its position in Itron, Inc. (NASDAQ:ITRI) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,919 shares of the scientific and technical instruments company’s stock after selling 11,185 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Itron were worth $25,649,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in shares of Itron in the third quarter worth approximately $42,000. Accurate Wealth Management LLC boosted its holdings in Itron by 13.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 1,790 shares of the scientific and technical instruments company’s stock valued at $233,000 after acquiring an additional 212 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Itron by 35.0% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 54,000 shares of the scientific and technical instruments company’s stock valued at $6,726,000 after acquiring an additional 14,000 shares during the last quarter. Sowell Financial Services LLC lifted its position in shares of Itron by 15.3% during the third quarter. Sowell Financial Services LLC now owns 3,248 shares of the scientific and technical instruments company’s stock worth $405,000 after purchasing an additional 432 shares during the last quarter. Finally, Burney Co. boosted its stake in shares of Itron by 1.7% during the third quarter. Burney Co. now owns 14,911 shares of the scientific and technical instruments company’s stock valued at $1,857,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Price Performance

Shares of ITRI opened at $92.86 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The company has a 50 day moving average price of $101.34 and a 200-day moving average price of $118.58. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The stock has a market capitalization of $4.25 billion, a PE ratio of 16.70, a PEG ratio of 0.45 and a beta of 1.49.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. The company had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. Itron’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Itron news, SVP Justin K. Patrick sold 379 shares of Itron stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the transaction, the senior vice president owned 20,382 shares in the company, valued at $1,967,066.82. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joan S. Hooper sold 948 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $91,491.48. Following the completion of the transaction, the chief financial officer owned 87,446 shares of the company’s stock, valued at $8,439,413.46. This represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,971 shares of company stock worth $286,731. Insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target on the stock in a report on Monday, November 3rd. Oppenheimer set a $145.00 target price on shares of Itron and gave the stock an “outperform” rating in a research note on Friday, October 31st. Argus reaffirmed a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Itron in a report on Monday. Finally, Robert W. Baird restated a “neutral” rating and set a $118.00 price objective (down from $137.00) on shares of Itron in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Itron 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.