Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.32.

A number of analysts have recently commented on TTEK shares. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, KeyCorp lowered their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, November 15th.

Tetra Tech Trading Down 0.6 %

Shares of NASDAQ:TTEK traded down $0.25 during midday trading on Friday, hitting $42.69. The company had a trading volume of 1,811,260 shares, compared to its average volume of 1,521,796. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech has a 12 month low of $31.61 and a 12 month high of $51.20. The firm has a fifty day simple moving average of $46.22 and a 200 day simple moving average of $44.57. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 34.85 and a beta of 0.88.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.54%. Tetra Tech's dividend payout ratio is currently 18.67%.

Insider Buying and Selling

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,750 shares of company stock valued at $5,633,239. Company insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On Tetra Tech

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers boosted its position in Tetra Tech by 90.8% during the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock valued at $1,589,000 after purchasing an additional 4,096 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at approximately $208,000. GAMMA Investing LLC boosted its position in Tetra Tech by 66.2% during the second quarter. GAMMA Investing LLC now owns 502 shares of the industrial products company's stock worth $103,000 after purchasing an additional 200 shares during the period. CWM LLC grew its stake in Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company's stock valued at $62,000 after buying an additional 51 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Tetra Tech by 7.9% during the second quarter. CX Institutional now owns 4,701 shares of the industrial products company's stock worth $961,000 after purchasing an additional 346 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.