Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $48.52.

TTEK has been the topic of several recent analyst reports. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. KeyCorp decreased their target price 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. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after buying an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its position in Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock worth $26,000 after acquiring an additional 444 shares during the period. Venturi Wealth Management LLC lifted its position in Tetra Tech by 3,261.1% during 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 during the period. Canton Hathaway LLC lifted its position in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after acquiring an additional 516 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after acquiring an additional 556 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK traded down $0.03 during trading on Wednesday, reaching $29.93. The stock had a trading volume of 3,064,435 shares, compared to its average volume of 3,399,326. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The business has a fifty day moving average price of $37.97 and a 200-day moving average price of $43.26. The stock has a market cap of $8.02 billion, a PE ratio of 31.44 and a beta of 0.89. Tetra Tech has a 1-year low of $29.23 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed 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 0.78%. Tetra Tech's payout ratio is currently 24.16%.

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.