Joan S. Hooper, Senior Vice President and Chief Financial Officer of Itron, Inc., disposed of common stock valued at $37,290 on May 26, 2026. The transaction involved the sale of 442 shares at a price of $84.3667 per share. These shares were automatically sold to cover tax withholding obligations associated with the vesting of a restricted stock unit award. Following this transaction, Hooper directly holds 117,478 shares of Itron common stock.
The sale occurs while Itron trades at $85.30, marking a 26% decrease over the last year. From an InvestingPro perspective, the equity appears undervalued given its P/E ratio of 13.6, which is considered low compared to expected near-term earnings expansion. The company maintains a positive Financial Health score labeled "GOOD" and demonstrates strong free cash flow yield.
Looking at recent operational news, Itron Inc. reported solid financial outcomes for the first quarter of 2026. The firm surpassed expectations with earnings per share of $1.49, compared to a projected figure of $1.23. Furthermore, Itron's total revenue exceeded projections, reaching $587 million against an anticipated $572.09 million.
Despite these positive financial metrics in Q1 2026, the company faces conflicting market signals. Roth/MKM revised its price target for Itron, lowering it from $150 to $136 while retaining a Buy rating. This downward adjustment is attributed specifically to a more subdued near-term revenue growth outlook. The report cites influences such as complex projects and temporary regulatory factors affecting the company's trajectory. These combined developments underscore a varied sentiment among both investors and market analysts regarding Itron’s financial path and operational environment.