Tetra Tech, Inc. (NASDAQ:TTEK) Receives $47.92 Average Target Price from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $47.92.

TTEK has been the subject of several research analyst reports. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Insider Buying and Selling

In other news, Director Kirsten M. Volpi sold 10,116 shares of the 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 sale, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TTEK. Venturi Wealth Management LLC raised its holdings 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 valued at $29,000 after buying an additional 587 shares during the period. Canton Hathaway LLC boosted its position in shares of 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 purchasing an additional 516 shares during the period. Banque Cantonale Vaudoise increased its holdings in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 556 shares during the last quarter. Millburn Ridgefield Corp raised its position in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 621 shares during the period. Finally, R Squared Ltd acquired a new position in Tetra Tech during the fourth quarter worth $39,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

Tetra Tech stock traded up $0.63 during mid-day trading on Friday, hitting $30.35. The company had a trading volume of 1,545,281 shares, compared to its average volume of 1,866,581. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 31.90 and a beta of 0.93. Tetra Tech has a 12-month low of $28.17 and a 12-month high of $51.20. The company's fifty day moving average is $34.05 and its 200-day moving average is $41.17. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Equities research analysts predict that Tetra Tech will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.76%. Tetra Tech's dividend payout ratio is presently 24.21%.

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.