Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have received an average rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.92.
TTEK has been the topic of a number of research reports. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. 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. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research report on Friday, January 31st.
Get Our Latest Research Report on Tetra Tech
Tetra Tech Trading Down 1.4 %
Shares of NASDAQ TTEK traded down $0.44 during mid-day trading on Thursday, reaching $29.98. 1,159,785 shares of the company's stock were exchanged, compared to its average volume of 2,005,979. The company's 50-day moving average is $29.87 and its 200-day moving average is $38.61. 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 firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 31.49 and a beta of 0.89. Tetra Tech has a 52-week low of $27.27 and a 52-week high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Analysts expect that Tetra Tech will post 1.37 EPS for the current fiscal year.
Tetra Tech Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 yield of 0.77%. Tetra Tech's dividend payout ratio (DPR) is 24.21%.
Insider Buying and Selling at Tetra Tech
In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm'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 sale, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Tetra Tech
Large investors have recently modified their holdings of the company. Walleye Capital LLC increased its holdings in Tetra Tech by 2,141.2% in the third quarter. Walleye Capital LLC now owns 6,096 shares of the industrial products company's stock valued at $287,000 after buying an additional 5,824 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Tetra Tech by 327.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 20,515 shares of the industrial products company's stock valued at $967,000 after acquiring an additional 15,715 shares during the last quarter. Stifel Financial Corp raised its position in shares of Tetra Tech by 465.0% during the 3rd quarter. Stifel Financial Corp now owns 149,265 shares of the industrial products company's stock worth $7,039,000 after acquiring an additional 122,846 shares in the last quarter. Wellington Management Group LLP lifted its stake in Tetra Tech by 365.5% during the third quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company's stock worth $50,830,000 after purchasing an additional 846,284 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Tetra Tech by 391.2% in the third quarter. National Bank of Canada FI now owns 217,313 shares of the industrial products company's stock valued at $10,248,000 after purchasing an additional 173,071 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
About Tetra Tech
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Get Free ReportTetra 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.
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