King Luther Capital Management Corp Boosts Position in Tetra Tech, Inc. (NASDAQ:TTEK)

King Luther Capital Management Corp increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 324.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,295 shares of the industrial products company's stock after buying an additional 976,810 shares during the period. King Luther Capital Management Corp owned 0.48% of Tetra Tech worth $50,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Venturi Wealth Management LLC grew its stake in Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after acquiring an additional 587 shares in the last quarter. Canton Hathaway LLC boosted its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 516 shares during the period. Banque Cantonale Vaudoise grew its stake in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after purchasing an additional 556 shares in the last quarter. Millburn Ridgefield Corp increased its holdings in Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock worth $37,000 after purchasing an additional 621 shares during the period. Finally, R Squared Ltd bought a new stake in Tetra Tech during the 4th quarter valued at $39,000. Institutional investors own 93.89% of the company's stock.

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Tetra Tech Stock Down 1.2 %

TTEK traded down $0.36 during trading on Wednesday, hitting $28.98. The stock had a trading volume of 933,997 shares, compared to its average volume of 3,276,815. The stock has a 50 day simple moving average of $35.12 and a two-hundred day simple moving average of $41.80. The company has a market capitalization of $7.77 billion, a PE ratio of 30.41 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a twelve month low of $28.17 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio is presently 24.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. Robert W. Baird raised their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. KeyCorp dropped their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $47.92.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.