Tetra Tech Stock to Split on Monday, September 9th (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) shares are going to split before the market opens on Monday, September 9th. The 5-1 split was announced on Wednesday, July 31st. The newly created shares will be issued to shareholders after the closing bell on Friday, September 6th.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded up $1.13 during trading hours on Friday, hitting $235.71. 153,654 shares of the stock were exchanged, compared to its average volume of 320,123. The company's fifty day simple moving average is $214.49 and its two-hundred day simple moving average is $200.89. The company has a market cap of $12.62 billion, a PE ratio of 47.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21. Tetra Tech has a 1-year low of $143.35 and a 1-year high of $237.32.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.05. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts predict that Tetra Tech will post 6.24 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 0.49%. Tetra Tech's dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. KeyCorp boosted their price objective on Tetra Tech from $234.00 to $247.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. StockNews.com raised Tetra Tech from a "hold" rating to a "buy" rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of Tetra Tech from $233.00 to $259.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Robert W. Baird lifted their price target on shares of Tetra Tech from $223.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Finally, Maxim Group increased their price objective on Tetra Tech from $234.00 to $268.00 and gave the company a "buy" rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $245.80.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Preston Hopson III sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $233.07, for a total value of $1,165,350.00. Following the transaction, the senior vice president now directly owns 8,742 shares of the company's stock, valued at $2,037,497.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Tetra Tech news, SVP Preston Hopson III sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $233.07, for a total value of $1,165,350.00. Following the completion of the sale, the senior vice president now directly owns 8,742 shares in the company, valued at $2,037,497.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Leslie L. Shoemaker sold 11,161 shares of the company's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $211.83, for a total transaction of $2,364,234.63. Following the transaction, the executive vice president now owns 74,887 shares in the company, valued at approximately $15,863,313.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,085 shares of company stock valued at $7,611,238. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of Tetra Tech by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company's stock worth $12,921,000 after acquiring an additional 205 shares during the last quarter. Jump Financial LLC boosted its position in shares of Tetra Tech by 743.1% during the fourth quarter. Jump Financial LLC now owns 22,232 shares of the industrial products company's stock valued at $3,711,000 after buying an additional 19,595 shares during the last quarter. Spire Wealth Management grew its holdings in Tetra Tech by 1,054.4% during the fourth quarter. Spire Wealth Management now owns 22,650 shares of the industrial products company's stock worth $3,706,000 after buying an additional 20,688 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Tetra Tech in the 4th quarter valued at $1,821,000. Finally, Nwam LLC bought a new position in Tetra Tech during the 1st quarter valued at $1,123,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Company Profile

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.