Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Tetra Tech Price Performance
TTEK traded down $0.05 during trading on Monday, reaching $33.35. 1,963,677 shares of the stock were exchanged, compared to its average volume of 3,591,109. The business's 50 day moving average price is $40.00 and its two-hundred day moving average price is $43.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.25. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 35.03 and a beta of 0.89. Tetra Tech, Inc. has a 1 year low of $31.09 and a 1 year high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS 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%. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.
Tetra Tech Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.70%. Tetra Tech's dividend payout ratio (DPR) is 24.21%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. KeyCorp decreased their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.52.
Read Our Latest Stock Report on Tetra Tech
Hedge Funds Weigh In On Tetra Tech
Institutional investors have recently made changes to their positions in the stock. New England Research & Management Inc. acquired a new position in shares of Tetra Tech in the fourth quarter worth $596,000. Harbor Capital Advisors Inc. raised its holdings in shares of Tetra Tech by 630.8% in the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock worth $1,718,000 after acquiring an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock worth $1,052,000 after acquiring an additional 19,193 shares during the last quarter. SFE Investment Counsel increased its stake in Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company's stock valued at $1,713,000 after purchasing an additional 28,679 shares during the last quarter. Finally, Perpetual Ltd increased its stake in Tetra Tech by 9.6% in the fourth quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 18,842 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Tetra Tech Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Tetra Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.
While Tetra Tech currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
