56,114 Shares in Itron, Inc. (NASDAQ:ITRI) Acquired by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 56,114 shares of the scientific and technical instruments company's stock, valued at approximately $5,994,000. Beacon Harbor Wealth Advisors Inc. owned 0.12% of Itron as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC grew its position in shares of Itron by 85.6% during the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 125 shares in the last quarter. Quarry LP increased its position in shares of Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Itron by 46.6% in the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company's stock valued at $71,000 after purchasing an additional 229 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock worth $77,000 after purchasing an additional 129 shares in the last quarter. Finally, CWM LLC increased its holdings in Itron by 315.6% in the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company's stock valued at $87,000 after buying an additional 669 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Itron

In other news, CEO Thomas Deitrich sold 37,500 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the sale, the chief executive officer now directly owns 205,276 shares of the company's stock, valued at $21,519,083.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Thomas Deitrich sold 37,500 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at approximately $21,519,083.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald L. Reeves III sold 4,210 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company's stock, valued at $1,643,169. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,276 shares of company stock valued at $4,515,846 over the last ninety days. Insiders own 1.45% of the company's stock.

Itron Price Performance

ITRI traded up $0.80 during trading on Friday, reaching $123.73. The stock had a trading volume of 325,741 shares, compared to its average volume of 525,847. Itron, Inc. has a 1-year low of $62.45 and a 1-year high of $124.72. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. The stock has a 50 day moving average of $105.33 and a two-hundred day moving average of $103.37. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. During the same period in the previous year, the company earned $0.98 earnings per share. Itron's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Itron, Inc. will post 5.34 EPS for the current fiscal year.

Analysts Set New Price Targets

ITRI has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Itron from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 16th. Piper Sandler increased their target price on shares of Itron from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Guggenheim increased their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, BNP Paribas began coverage on Itron in a research note on Thursday, September 5th. They issued an "outperform" rating and a $133.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.92.

Itron Company Profile

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.